Nexam Chemical Holding AB (publ) Year-End Report 1 January – 31 December 2018
Increased activities during the year
Fourth quarter at a glance
Breakthrough with 10 MSEK order from one of the largest manufacturers of PET-foam.
New product launched within high performance segment and a first order received.
Production facility in St Andrews break production record.
Completed automation project in Lomma increase production capacity.
Water approval for pipes containing Nexam Chemical technology.
New head of development recruited.
Net sales for the fourth quarter totaled SEK 29,547,000 (9,691,000) and for the full year SEK 109,835,000 (18,694,000).
The operating loss before depreciation (EBITDA) for the quarter SEK - 894,000 (- 6,913,000) and for the full year SEK - 5,757,000 (- 19,956,000).
In comparison to the beginning of the year, cash and cash equivalents amounted to SEK 53,705,000 (86,407,000).
Cash flow from operating activities during quarter was SEK - 4,206,000 (- 4,049,000) and for the full year SEK - 12,890,000 (- 18,471,000).
Result per share before and after dilution for the quarter was SEK - 0.05 (0.14) and for the full year SEK - 0.25 (- 0.09).
The Board proposes no dividend for the year 2018.
Key events after the end of the period
On February 15th, 2019, Johan Arvidsson will take over as new CEO of Nexam Chemical.
Lomma 14 February 2019
The Board of Directors
These financial statements have not 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, email@example.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 February 14, 2019.
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 firstname.lastname@example.org or by phone +46-8 528 00 399.