Nexam Chemical Holding AB (publ) Interim Report 1 January – 31 March 2018
05/09/2018
Good growth in the new Nexam Chemical
First quarter at a glance
Operational:
Ten percent sales growth for the new joint business.
Sales of multifunctional masterbatch initiated.
Introducing two new focus areas – Medical and Electronics.
Integration project to a large extent implemented.
Financials:
Net sales for the first quarter totaled SEK 27,041,000 (2,336,000).
The operating loss before depreciation (EBITDA) for the quarter SEK -901,000 (-4,346,000).
In comparison to the beginning of the year, cash and cash equivalents amounted to SEK 76,597,000 (86,407,000).
Cash flow from operating activities during quarter was SEK -5,307,000 (-7,163,000).
Result per share after dilution for the quarter was SEK -0.06 (-0.08).
Lomma 9 May 2018
The Board of Directors
These financial statements have not 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:
Anders Spetz, CEO, +46-703 47 97 00, anders.spetz@nexamchemical.com
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 May 9, 2018.
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About Nexam Chemical
Nexam Chemical develops technology and products that make it possible to significantly improve the production process and properties of most types of plastics in a cost-effective manner and with retained production technology. The improved properties include strength, toughness, temperature and chemical resistance as well as service life. The improvements in properties that can be achieved by using Nexam Chemical’s technology make it possible to replace metals and other heavier or more expensive materials with plastics in a number of applications. In applications where plastic is already used, Nexam Chemicals products can improve the manufacturing process, reducing material use and enable more environmental friendly alternatives. Example of commercial applications: pipe manufacturing, foam production and high-performance plastics. More information about the business will be found on http://www.nexamchemical.com. The company´s Certified Adviser is FNCA Sweden AB.