Nexam Chemical

Fourth quarter at a glance

Significant events during the quarter:

• Sales decreased by 9% compared to the corresponding quarter in 2023, while the gross margin increased from 39% to 44%. Sequentially, revenue increased by 10% compared to the third quarter of 2023.
• EBITDA increased sequentially by 105% compared to the third quarter of 2023.
• The cost savings program is running according to plan and will have full effect during the first quarter of 2024.
• Performance Masterbatch's sales was at the same level as the corresponding quarter of 2023 and Performance Chemical decreased by 17%.
• Received £100k grant from Innovate UK to develop new materials for the civil aviation sector.

Financials during the fourth quarter 2023:

• Net sales during quarter amounted to SEK 50,585,000 (55,706,000).
• The gross margin amounted to 44% (39%) during the quarter.
• The operating profit before depreciation (EBITDA) for the quarter was SEK 1,562,000    
  ( - 1,393,000).
• In comparison to the beginning of the year, cash and cash equivalents amounted to
  SEK 9,056,000 (22,875,000).
• Cash flow from the operating activities during the quarter amounted to SEK - 4,510,000
  (- 4,323,000).
• Earnings per share before and after dilution amounted to SEK -0.04 (-0.03) for the quarter.

Financials during January to December 2023:

• Net sales for the full year amounted to SEK 190,227,000 (221,756,000).
• The operating profit before depreciation (EBITDA) for the for the full year amounted to
  SEK - 5,856,000 (112,000).
• Cash flow from the operating activities for the full year amounted to SEK - 352,000
  ( - 11,100,000).
• In comparison to the beginning of the year, cash and cash equivalents amounted to
  SEK 9,056,000 (22,875,000).
• Earnings per share before dilution amounted for the full year to SEK -0.28 (-0.15) SEK and after dilution to SEK -0.28 (-0.15).
• The Board proposes no dividend for the year 2023.

Lomma 31 January 2024

The Board of Directors

These financial statements haven't been reviewed by the Company's auditor.

Presentation:

Nexam Chemical presents the year-end report for 2023 on January the 31^st at 11:30 CET.

The presentation will be held in English via the following link: https://youtube.com/live/CSZTReaXN1U

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:

FNCA Sweden AB, 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 08:18 CET on 31^st of January 2024.

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