Nexam Chemical Holding AB (publ) Interim Report 1 January – 31 March 2022

Report this content

Stability in an otherwise turbulent world

First quarter at a glance

Significant events:

  • Growth by 3 percent in the quarter, Performance Masterbatch, + 21%, and Performance Chemicals, - 14%, compared to the corresponding quarter in 2021.
  • Received the Nasdaq Green Equity Designation.
  • Investment of SEK 20 million started in a new production line in Lomma.
  • Received a commercial order to Japan for production of semiconductors, which is estimated to amount to SEK 2.5 million during the year.
  • Started the construction of an innovation centre in Lomma.
  • Dane Momcilovic recruited as business manager for the PET foam business area.

Financials:

  • Net sales during quarter amounted to SEK 53,913,000 (52,506,000).
  • The operating profit before depreciation (EBITDA) for the quarter was SEK 1,690,000 (2,090,000).
  • In comparison to the beginning of the year, cash and cash equivalents amounted to SEK 64,192,000 (63,601,000).
  • Cash flow from the operating activities during the quarter amounted to SEK 5,404,000 (3,600,000).
  • Earnings per share amounted to SEK -0.02 (0.00) for the quarter.

Lomma 21 April 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 Q1 2022 on April the 21st at 11:00 CET.

The presentation will be held in Swedish via a conference call or audio webcast at https://financialhearings.com/event/43340

Phone number for the conference:

Sweden: +46 8 5055 8366

UK: +44 33 3300 9032

US: +164 6722 4903

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 21st of April 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.

Tags: