Nexam Chemical Holding AB (publ) Interim Report 1 January – 30 September 2023
Improved margin and positive EBITDA
Third quarter at a glance
Significant events during the quarter:
Received an order of SEK 22 mSEK within High Temperature from the USA.
Sales decreased by 19% compared to the corresponding quarter in 2022, while the gross margin increased from 39% to 43%. Sequentially, revenue increased by 10% compared to the second quarter of 2023.
Performance Masterbatch sales decreased by 18% compared to the corresponding quarter in 2022 and Performance Chemical decreased by 20%.
Extended savings program, which is estimated to provide an additional SEK 8 m in annual savings with full effect during the first quarter of 2024.
Financials during the third quarter 2023:
Net sales during quarter amounted to SEK 45,834,000 (56,719,000).
The gross margin amounted to 43% (39%) during the quarter.
The operating profit before depreciation (EBITDA) for the quarter was SEK 711,000 (745,000).
In comparison to the beginning of the year, cash and cash equivalents amounted to SEK 16,304,000 (22,875,000).
Cash flow from the operating activities during the quarter amounted to SEK 25,000 (- 9,340,000).
Earnings per share before and after dilution amounted to SEK -0.08 (-0.03) for the quarter.
Lomma 19 October 2023
The Board of Directors
These financial statements have been reviewed by the Company´s auditor.
Nexam Chemical presents the interim report for the third quarter 2023 on October the 19th at 11:00 CET.
The presentation will be held in English via the following link: https://youtube.com/live/NRR34Lgcf4M
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:
Ronnie Törnqvist, VD, +46 (0)706-25 41 85, email@example.com
FNCA Sweden AB, 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 08:18 CET on 19th of October 2023.