Nexam Chemical: Long-term potential looks solid - ABG
Q1'23 on Thursday, 20 April
We expect sales of SEK 59m, +9% y-o-y
Trading at 17x EV/EBITDA on '24e
PET foam additives should support sales in Q1
We expect Nexam to deliver Q1 sales of SEK 59m, up 9% y-o-y, with a gross profit of SEK 25m. We expect Performance Chemicals to see sales of 27m, mainly driven by PET foam additive sales. Moreover, we foresee a gross margin of 42% (42%) and adj. EBITDA of SEK 2m (2m) with a margin of 4% (3%). Finally, we expect a net profit of SEK -1m (-1m).
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/nexam-chemical/Equity-research/2023/4/nexam-chemical---long-term-potential-looks-solid-/