Nexam Chemical Holding AB (publ) Interim Report 1 January – 31 March 2024
Increased EBITDA and positive cash flow
First quarter at a glance
Significant events during the quarter:
- Sales increased by 2% compared to the corresponding quarter in 2023 and the gross margin increased from 42% to 45%. Sequentially, revenue increased by 5% compared to the fourth quarter of 2023.
- EBITDA increased to SEK 2,212,000, which is a sequential increase of 42% compared to the fourth quarter of 2023.
- The cost saving program has run according to plan and has had full effect at the end of the quarter.
- Performance Masterbatch's sales decreased by 9% compared to the corresponding quarter in 2023, while Performance Chemical increased by 17%.
- Researchers from the Department of Applied Science and Technology at Politecnico di Torino, Italy have validated Nexam's additives for recycled polypropylene.
Financials during the first quarter 2024:
- Net sales during quarter amounted to SEK 53,219,000 (52,234,000).
- The gross margin amounted to 45% (42%) during the quarter.
- The operating profit before depreciation (EBITDA) for the quarter was SEK 2,212,000 (119,000).
- In comparison to the beginning of the year, cash and cash equivalents amounted to SEK 9,909,000 (9,056,000).
- Cash flow from the operating activities during the quarter amounted to SEK 3,622,000 (10,698,000).
- Earnings per share before and after dilution amounted to SEK -0.02 (-0.04) for the quarter.
Lomma 18 April 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 first quarter for 2024 on April the 18th at 11:00 CET.
The presentation will be held in English via the following link: https://youtube.com/live/l8N_Sjra9nQ
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 18th of April 2024.
