Q1'23 results
Nexam had Q1 sales of SEK 52m (ABGSCe SEK 59m), whereof sales to Diab were SEK ~10m. Performance Chemicals had sales of SEK 22m, -7% y-o-y, well below our forecast of 27m. Performance Masterbatch had sales of SEK 30m, 0% y-o-y, also below our forecast of SEK 32m This resulted in group EBITDA of SEK 0m and a net profit of SEK -4m. Morover, the company has an unused credit facility of SEK 20m (SEK 11.5m previously) in addition to a cash position of SEK 28m (SEK 23m in Q4'22).
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