Nexam Chemical Holding AB (publ) Interim Report 1 January – 31 March 2021
04/21/2021
Growth by 26% and best quarter to date
First quarter at a glance
Significant events:
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Continued high growth, +26% compared to the corresponding quarter in 2020.
Both Performance Chemical, + 38%, and Performance Masterbatch, + 15%, are growing compared to the corresponding quarter in 2020.
First commercial order to India amounted to SEK 1,500,000 shipped during the quarter.
Directed new share issue oversubscribed, added SEK 33,534,000 after deduction of transaction costs.
Reactive Recycling, a new offering in recycling, was launched during the quarter.
Financials:
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Net sales during quarter amounted to SEK 52,506,000 (41,704,000).
The operating profit before depreciation (EBITDA) for the quarter was SEK 2,090,000 (2,283,000).
In comparison to the beginning of the year, cash and cash equivalents amounted to SEK 61,556,000 (29,791,000) excluding an unused credit facility of SEK 10,000,000.
Cash flow from the operating activities during the quarter amounted to SEK 3,600,000 (- 3,940,000).
Earnings per share before and after dilution amounted to SEK -0.00 (- 0.01) for the quarter.
Operating profit for the quarter is charged with non-recurring costs linked to adjustments in the supply chain.
Lomma 21 April 2021
The Board of Directors
These financial statements haven´t been reviewed by the Company´s auditor.
Note: This press release has been translated from Swedish. The Swedish text shall govern for all purposes and prevail in case of any discrepancy with the English version.
For further information please contact:
Johan Arvidsson, CEO, +46-708 97 44 39, johan.arvidsson@nexamchemical.com
Certified Adviser:
FNCA Sweden AB, +46-(0)8 528 00 399, info@fnca.se
This information is information that Nexam Chemical Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on April 21, 2021.