Nexam Chemical: Waiting for the wind to turn - DNB
We have lowered our 2022e group sales by 9%, following a weaker-than-expected quarter for PET foam, as the wind-power industry has been struggling. However, we have raised our 2022e sales for Performance Masterbatch by 3% on the strong Q2 performance.
The recycling business seems to be on track, and we find the division’s potential value added promising. We have reduced our fair value to SEK13–17 (14–19) on the back of the Q2 report.
Länk till analysen i sin helhet: https://www.dnb.no/seg-fundamental/fundamentalweb/GetReportSpon.aspx?file=CMPSP_198011.pdf