Nexam Chemical Holding AB (publ) Interim Report 1 January – 30 June 2020
Second best quarter so far and continued profitability
Second quarter at a glance
Continued growth, +3% compared to the corresponding quarter in 2019 despite the covid 19 pandemic.
EBITDA for the quarter amounted to 0.2 MSEK, compared to 0.3 MSEK compared to the corresponding quarter in 2019. Currency had a negative impact with 1.0 MSEK during the quarter.
Growth is driven by Performance Chemical which grew by 34% compared to corresponding quarter in 2019.
Sales within color and additive masterbatch, Performance Masterbatch, was -11% compared to corresponding quarter in 2019, mainly depending on a decrease in Sweden.
Gross margin increased to 42% compared to 40% during the second quarter in 2019. The primary reason being the increased sales for Performance Chemicals.
Preferential rights issue was competed and resulted in an addition of just over 43 MSEK after deductions of costs related to the rights issue, corresponding to a subscription ratio of 74%.
Net sales for the second quarter totaled 36 379 (35 195) kSEK.
The operating profit before depreciation (EBITDA) amounted to 179 (326) kSEK.
Compared to the beginning of the year, cash and cash equivalents amounted to 50 657 (23 101) kSEK.
Cash flow from operating activities during quarter was -1 474 (- 2 588) kSEK.
Result per share for the quarter was -0,05 (-0,03) SEK.
Lomma 17 July 2020
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:
Johan Arvidsson, CEO, +46-708 97 44 39, firstname.lastname@example.org
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 July 17, 2020.