Nexam Chemical Holding AB (publ) Interim Report 1 January – 30 June 2024
Increasing sales, improved coverage ratio and lowered break-even
Second quarter at a glance
Significant events during the quarter:
- Sales increased by 29% compared to the corresponding quarter in 2023 and the gross margin increased from 43% to 46%. Sequentially, sales increased by 1% compared to the first quarter of 2024.
- EBITDA increased to kSEK 2,622, which is a sequential increase of 19% compared to the first quarter of 2024.
- Sales for Performance Masterbatch increased by 19% compared to the corresponding quarter in 2023 and Performance Chemical increased by 45%.
- Received an extended order of SEK 4 m, 6 mSEK in total, per year from Sumitomo Bakelite for temperature-resistant lacquers for microprocessors.
- Received first commercial order of 0.5 mSEK for use in wire enameling.
Financials during the second quarter 2024:
- Net sales during quarter amounted to SEK 53,626,000 (41,623,000).
- The gross margin amounted to 46% (43%) during the quarter.
- The operating profit before depreciation (EBITDA) for the quarter was SEK 2,622,000 (- 8,298,000).
- In comparison to the beginning of the year, cash and cash equivalents amounted to SEK 10,988,000 (9,056,000).
- Cash flow from the operating activities during the quarter amounted to SEK 4,469,000 (- 6,564,000).
- Earnings per share before and after dilution amounted to SEK -0.03 (-0.12) for the quarter.
Lomma 12 July 2024
The Board of Directors
These financial statements haven’t been reviewed by the Company´s auditor.
Presentation:
Nexam Chemical presents the interim for the second quarter for 2024 on July the 12th at 14:00 CET.
The presentation will be held in English via the following link: https://www.youtube.com/watch?v=ZbjAghvB5ww
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 protected]
Certified Adviser:
FNCA Sweden AB, [email protected]
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 12th of July 2024.
