Nexam Chemical Holding AB
(OSTO:NEXAM)
kr
3.19
+0.020 (+0.63%)
Market Cap: 326.95 Mil
Enterprise Value: 308.43 Mil
PE Ratio: 0
PB Ratio: 1.60
GF Score: 73/100 
Q2 2024 Nexam Chemical Holding AB Earnings Call Transcript
Jul 12, 2024 / 12:00PM GMT
Release Date Price:
kr4.35
(+8.75%)
Key Points
Positve
- Nexam Chemical Holding AB (STU:NC4) achieved the highest EBITDA level in its history during the second quarter of 2024.
- The company has successfully implemented a cost savings program, resulting in a positive cash flow from operations.
- Sales have increased to SEK53.6 million, showing growth across all segments compared to the previous year.
- Nexam Chemical has a growing portfolio of patented clean tech solutions driven by global megatrends, such as renewable energy and recycling.
- The company has the capacity to double its business without significant additional investments, indicating strong potential for future growth.
Negative
- The PET foam market, a significant segment for Nexam Chemical, is currently weak, impacting sales in this area.
- Despite achieving a high EBITDA, the company has not yet reached profitability at the EBIT level.
- The wind energy market, a key area for Nexam's additives, is experiencing a downturn, affecting demand.
- The recycling segment, although growing, still represents a small portion of overall sales.
- Nexam Chemical faces challenges in rapidly scaling up new customer contracts and projects, which can have long development timelines.
Mattias Vahlne;n Direkt;Moderator
NyhetsbyrÃ
¥-
Clean tech company, Nexam, have reported for the second quarter of 2024. Joining me in the virtual studio today, I have CEO, Ronnie Tornqvist; and CFO, Marcus Nyberg. Please welcome, gentlemen.
Ronnie Tornqvist
Nexam Chemical Holding AB - Chief Executive Officer
Thank you, Mattias.
Mattias Vahlne;n Direkt;Moderator
NyhetsbyrÃ
¥-
So Ronnie, before you present, how would you describe the quarter in brief?
Ronnie Tornqvist
Nexam Chemical Holding AB - Chief Executive Officer
It's been a very intensive quarter, a lot of activities everywhere. It has been some difficulties, but mainly quite a positive energy and drive in the company. And we feel that we are moving forward according to the plan that we set out a year ago.
Mattias Vahlne;n Direkt;Moderator
NyhetsbyrÃ
¥-
Okay. Thank you. So
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