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| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Material |
| Industri | Plast, kemikalier & fetter |
2020-05-08 08:00:00
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.
- 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.
- 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.