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 theUSA . - 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
The Board of Directors
These financial statements have been reviewed by the Company's auditor.
Presentation:
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:
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