Nexam Chemical Holding AB (publ) Interim Financial Report 1 January – 30 September 2015
Increased sales during quarter
The third quarter at a glance
First industrial order regarding product for modification of plastic pipes received.
Strong sales growth, amounting to more than SEK 4 million.
The number of on-going customer projects increases in all phases with an emphasis on full scale testing.
The company granted SEK 2.4 million in development funding from Vinnova/Eurostar.
Net sales for the third quarter totaled SEK 4,197,000 (455,000) and for the first nine months SEK 5,329,000 (960,000). On two consecutive quarters the operating loss is reduced by half. The operating loss for the third quarter totaled SEK -2,625,000 (-7,966,000).
In comparison with the beginning of the year, the total assets at the end of the period amounted to SEK 64,468,000 (84,973,000), with cash and cash equivalents accounting for SEK 39,300,000 (62,543,000).
Cash flow from operating activities for the third quarter was SEK -4,937,000 (-8,713,000).
Key events after the end of the period
An order of approximately SEK 1.5 million from one of the world´s largest pipe manufacturers regarding compound containing NEXAMITE® was received.
First industrial order received regarding NEXIMID® for the electronics industry. Based on forecast from the customer the order value for 2016 is estimated to SEK 1.5 million.
Lund 12 November, 2015
The Board of Directors
These financial statements have been reviewed by the Company´s auditor.
For further information concerning the report, please contact:
Anders Spetz, CEO
Tel: +46-(0)703 47 97 00