Growth by 26% and best quarter to date

First quarter at a glance

Significant events:

  • Continued high growth, +26% compared to the corresponding quarter in 2020.
  • Both Performance Chemical, + 38%, and Performance Masterbatch, + 15%, are growing compared to the corresponding quarter in 2020.
  • First commercial order to India amounted to SEK 1,500,000 shipped during the quarter.
  • Directed new share issue oversubscribed, added SEK 33,534,000 after deduction of transaction costs.
  • Reactive Recycling, a new offering in recycling, was launched during the quarter.

Financials:

  • Net sales during quarter amounted to SEK 52,506,000 (41,704,000).
  • The operating profit before depreciation (EBITDA) for the quarter was SEK 2,090,000 (2,283,000).
  • In comparison to the beginning of the year, cash and cash equivalents amounted to SEK 61,556,000 (29,791,000) excluding an unused credit facility of SEK 10,000,000.
  • Cash flow from the operating activities during the quarter amounted to SEK 3,600,000 (- 3,940,000).
  • Earnings per share before and after dilution amounted to SEK -0.00 (- 0.01) for the quarter.
  • Operating profit for the quarter is charged with non-recurring costs linked to adjustments in the supply chain.

Lomma 21 April 2021

The Board of Directors

These financial statements haven't 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

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 April 21, 2021.


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.

https://news.cision.com/nexam-chemical/r/nexam-chemical-holding-ab--publ--interim-report-1-january---31-march-2021,c3329530

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