Nexam Chemical Holding AB (publ) Interim Report 1 January – 30 September 2018
Sales growth developing well
Third quarter at a glance
- Order of SEK 5.7 million received from one of the world leaders within PET-foam manufacturing.
- Breakthrough for NEXIMID® on the Chinese market. Order received of SEK 1 million.
- Successful automation project increase production efficiency and release capacity.
- Continued sales growth over 12 months with improved margins.
- Net sales for the third quarter totaled SEK 25,624,000 (2,090,000).
- The operating loss before depreciation (EBITDA) for the quarter SEK -3,491,000 (-3,488,000).
- In comparison to the beginning of the year, cash and cash equivalents amounted to SEK 63,676,000 (86,407,000).
- Cash flow from operating activities during quarter was SEK -1,120,000 (-2,497,000).
- Result per share before and after dilution for the quarter was SEK -0.09 (-0.06).
Lomma 6 November 2018
The Board of Directors
These financial statements have been reviewed by the Company´s auditor.
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:
Anders Spetz, CEO, +46-703 47 97 00, firstname.lastname@example.org
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 November 6, 2018.
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.