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Nexam Chemical Holding AB (publ) Interim Report 1 January – 31 March 2020

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Strongest quarter so far

First quarter at a glance

Significant events:

  • Continued good growth, +31% compared to the corresponding quarter in 2019. 
  • Substantially improved profitability. Increased EBITDA to 2,3 MSEK compared to -1,7 MSEK for the corresponding quarter in 2019.
  • Growth is primarily driven by Performance Chemical which grew by 138% compared to corresponding quarter in 2019.
  • Sales within color and additive masterbatch, Performance Masterbatch, was -6% compared to corresponding quarter in 2019.
  • Gross margin increased to 43% compared to 40% during the first quarter in 2019. The primary reason being that optimization of logistics chains is starting to show results.
  • Entered new supply agreement with DIAB regarding NEXAMITE® for 2020-2021 worth 100 to 120 MSEK in sales.

Financials:

  • Net sales for the first quarter totaled 41 704 (31 754) kSEK.
  • The operating profit before depreciation (EBITDA) amounted to 2 283 (-1 650) kSEK.
  • Compared to the beginning of the year, cash and cash equivalents amounted to 14 305 (23 101) kSEK.
  • Cash flow from operating activities during quarter was -3 940 (- 14 251) kSEK.
  • Result per share for the quarter was -0,01 (-0,06) SEK.

Key events after the end of the period

  • Preferential rights issue was competed and resulted in an addition of just over 45 MSEK, corresponding to a subscription ratio of 74%.
  • Covid-19 pandemic’s effect on the company has thus far been limited, although considerable uncertainties lie ahead.
  • Henrik Bernquist assumed the role of business development manager on April 1st.

Lomma 8 May 2020

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:

Johan Arvidsson, CEO, +46-708 97 44 39, johan.arvidsson@nexamchemical.com

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 May 08, 2020.

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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Interim report Nexam Chemical Nexam Interim Financial Statement

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