Nexam Chemical: Big potential but it comes at a cost - ABG
Near-term headwinds, long-term growth potential intact Unused credit facility of SEK 11.5m & cash position of SEK 23m The share is trading at 20x EV/EBITDA on 2024e
ANNONS
Q4'22 results
Nexam had Q4 sales of SEK 56m (ABGSCe SEK 62m). The company did not, as we had expected, see a recovery in its PET foam additive sales. This resulted in group EBITDA of SEK -1m and a net profit of SEK -5m.
