Nexam Chemical: Building its ESG credentials - DNB
Nexam Chemical reported a solid Q2, with sales growth of 64% YOY in line with our estimate, driven by 114% growth in Performance Chemicals. We believe this highlights the significant potential beyond its 2022 sales target, with a good business case for the plastics industry to increase recyclability, and better use of plastic materials. Booking a proof-of-concept order in fibre recycling during Q2 and announcing it will adopt the EU Taxonomy, we believe Nexam Chemical is building its ESG credentials, offering potential for a re-rating, and we have lifted our fair value to SEK15–20 (13–17).
https://www.dnb.no/seg-fundamental/fundamentalweb/GetReportSpon.aspx?file=CMPSP_178277.pdf