Nexam Chemical Holding AB (publ) Interim Report 1 January – 30 June 2022
Turbulent quarter with several bright spots
Second quarter at a glance
Significant events:
- Sales decreased by 7% in the quarter, Performance Masterbatch + 23% and Performance Chemical, -32%, compared with the corresponding quarter in 2021.
- Recruited Borys Schaffran, based in the USA, as responsible for sales development in North America.
- The first part of the innovation center in Lomma completed and in operation after the summer.
Financials:
- Net sales during quarter amounted to SEK 55,417,000 (59,664,000).
- The operating profit before depreciation (EBITDA) for the quarter was SEK - 930,000 (1,957,000). The quarter was burdened by consulting costs for reviewing strategic collaborations and recruiting costs by approximately SEK 0.5 million.
- In comparison to the beginning of the year, cash and cash equivalents amounted to SEK 51,413,000 (63,601,000).
- Cash flow from the operating activities during the quarter amounted to SEK - 2,841,000 (- 7,471,000).
- Earnings per share amounted to SEK -0.05 (-0.02) for the quarter.
Lomma 14 July 2022
The Board of Directors
These financial statements haven’t been reviewed by the Company´s auditor.
Conference call:
Nexam Chemical presents interim report for Q2 2022 on July the 14th at 11:00 CET.
The presentation will be held in Swedish via a conference call or audio webcast at https://financialhearings.com/event/43341
Phone number for the conference:
Sweden: +46 8 5051 6386
UK: +44 20 319 84884
US: +1 412 317 6300
Pin code; 3446552#
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:
Johan Arvidsson, CEO, +46-708 97 44 39, johan.arvidsson@nexamchemical.com
Certified Adviser:
FNCA Sweden AB, +46-(0)8 528 00 399, info@fnca.se
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 08:00 CET on 14th of July 2022.
About Nexam Chemical
Nexam Chemical develops technology and products that make it possible to significantly improve the production process and properties of most types of plastics in a cost-effective manner and with retained production technology. The improved properties include strength, toughness, temperature and chemical resistance as well as service life. The improvements in properties that can be achieved by using Nexam Chemical's technology make it possible to replace metals and other heavier or more expensive materials with plastics in a number of applications. In applications where plastic is already used, Nexam Chemicals products can improve the manufacturing process, reducing material use and enable more environmental friendly alternatives. Example of commercial applications: pipe manufacturing, foam production and high-performance plastics. More information about the business will be found on www.nexamchemical.com. The company´s Certified Adviser is FNCA Sweden AB. FNCA Sweden AB can be reached at info@fnca.se or by phone +46-8 528 00 399.
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