Nexam Chemical: Profitable growth ahead - ABG
Q3e: sales of SEK 50m (up 10%), EBIT of SEK 1.5m (-2.8m)
Activity high despite soft market, first quarter with positive EBIT
Minor estimate reductions on weaker H2 economic environment
Q3 expectations
We expect Q3 sales of SEK 50m, up 10% y-o-y (12% organic), with seasonal weakness explaining the drop from the H1 figures of SEK 53m and 54m. On EBIT, we forecast SEK 1.5m (-2.8m), thus anticipating that the successfully executed cost savings programmes will allow Nexam to deliver its first positive EBIT figure.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/nexam-chemical/Equity-research/2024/10/nexam-chemical---profitable-growth-ahead/