Nexam Chemical Holding AB
(OSTO:NEXAM)
kr
4.37
0.34 (8.44%)
Market Cap: 353.60 Mil
Enterprise Value: 369.21 Mil
PE Ratio: 0
PB Ratio: 1.90
GF Score: 78/100 
Q3 2024 Nexam Chemical Holding AB Earnings Call Transcript
Oct 18, 2024 / 10:00AM GMT
Release Date Price:
kr4.05
(+1.25%)
Key Points
Positve
- Nexam Chemical Holding AB (OSTO:NEXAM) reported an increase in contribution margin, reaching 47% this quarter, up from 43% in the same quarter last year.
- The company has implemented a strategic retake, focusing on market development and a sharpened commercial strategy, which has allowed them to fund operations with their own cash flow.
- Nexam Chemical Holding AB has secured a significant order from a long-standing customer in the USA worth SEK17 million over four quarters.
- The company has a stable financial situation with an unused credit facility of about SEK20 million, providing a strong base for future growth.
- Nexam Chemical Holding AB has expanded its customer base and increased sales activities, particularly in Central Europe, with new PET sheet recycling customers ramping up production.
Negative
- Nexam Chemical Holding AB experienced a temporary setback in sales this quarter, attributed to seasonal effects and reduced call-offs from major customers.
- The market temperature is described as cold, with some customers facing difficulties, impacting sales volumes.
- Despite the positive EBITDA, the company expressed dissatisfaction with the current sales level, indicating room for improvement.
- The company does not provide revenue forecasts, making it challenging for investors to predict future performance.
- The project in India is still in the early stages, with technical approvals but slow progress towards significant launches and production.
Mattias Vahlne;n Direkt;Moderator
NyhetsbyrÃ
¥-
Clean tech company, Nexam Chemical Holding, released a report for the third quarter of 2024 earlier this morning. And I'm honored to be joined by CEO, Ronnie Tornqvist; and CFO, Marcus Nyberg. Please, welcome. And how do you do, guys?
Ronnie Tornqvist
Nexam Chemical Holding AB - Chief Executive Officer
Thank you, Mattias. Yeah, we're doing good here. Thank you.
Mattias Vahlne;n Direkt;Moderator
NyhetsbyrÃ
¥-
Great to hear. You will soon be giving us your presentation, but could you first start off by describing the market temperature you're meeting out there?
Ronnie Tornqvist;Mattias Vahlne;n Direkt;
Nexam Chemical Holding AB - Chief Executive Officer;NyhetsbyrÃ
The general market temperature in the industry is a little bit like this season, not really warm, and tendency of cold in the morning.
- ¥
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