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Nexam Chemical Holding AB (publ) Interim Report 1 January – 30 September 2023

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Improved margin and positive EBITDA

Third quarter at a glance

Significant events during the quarter:

  • Received an order of SEK 22 mSEK within High Temperature from the USA.
  • Sales decreased by 19% compared to the corresponding quarter in 2022, while the gross margin increased from 39% to 43%. Sequentially, revenue increased by 10% compared to the second quarter of 2023.
  • Performance Masterbatch sales decreased by 18% compared to the corresponding quarter in 2022 and Performance Chemical decreased by 20%.
  • Extended savings program, which is estimated to provide an additional SEK 8 m in annual savings with full effect during the first quarter of 2024.

Financials during the third quarter 2023:

  • Net sales during quarter amounted to SEK 45,834,000 (56,719,000).
  • The gross margin amounted to 43% (39%) during the quarter.
  • The operating profit before depreciation (EBITDA) for the quarter was SEK 711,000 (745,000).
  • In comparison to the beginning of the year, cash and cash equivalents amounted to SEK 16,304,000 (22,875,000).
  • Cash flow from the operating activities during the quarter amounted to SEK 25,000 (- 9,340,000).
  • Earnings per share before and after dilution amounted to SEK -0.08 (-0.03) for the quarter.

Lomma 19 October 2023

The Board of Directors

These financial statements have been reviewed by the Company´s auditor.

Presentation:

Nexam Chemical presents the interim report for the third quarter 2023 on October the 19th at 11:00 CET.

The presentation will be held in English via the following link: https://youtube.com/live/NRR34Lgcf4M

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, ronnie.tornqvist@nexamchemical.com

Certified Adviser:

FNCA Sweden AB, 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 08:18 CET on 19th of October 2023.

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.

Tags:

Interim report Nexam Chemical Nexam Interim Financial Statement PET-foam

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