Nexam Chemical Holding AB (publ) Interim Report 1 January – 30 September 2019
21 percent sales growth in quarter
Third quarter at a glance
Sales growth continues, +21% compared to the third quarter in 2018.
Significant sales growth within Nexam Chemical’s NEXIMID® based range, mainly for products for PET foam production.
Sales in master batch and additives continue to grow, besides Sweden.
The increased collaboration with Diab results in increased sales volumes.
The regulatory work for REACH registration continues with registrations of products and raw materials.
Nexam Chemical have introduced a new management team.
Net sales for the second quarter amounted to SEK 31,084,000 (25,624,000).
Profit before depreciation (EBITDA) for the quarter was SEK – 1,438,000 (- 3,491,000).
Cash flow from the operating activities during the quarter amounted to SEK 4,193,000 (- 1,120,000).
Earnings per share before and after dilution amounted to SEK – 0.07 (- 0.09) for the quarter.
Key events after the end of the period
The Board of Directors of Nexam Chemicals Holding AB has appointed the current Board member Mats Persson as new Chairman of the Board from November 12, 2019. To date, the Chairman of the Board Lennart Holm has informed the Board that he wishes to resign from the Board due to a lack of time, as he has undertaken a time-consuming commitment outside the company.
Nexam Chemical received the biggest order ever (SEK 11 million). The order is related to PET foam.
Decision take to increase capacity in the production sites in St Andrews and in Lomma. Estimated investment amounts to SEK 10 million.
Lomma 12 November 2019
The Board of Directors
These financial statements have 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, email@example.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 08:30 CET on November 12, 2019.
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 environmentally 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. FNCA Sweden AB can be reached at firstname.lastname@example.org or by phone +46-8 528 00 399.