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Nexam Chemical: Profitable growth ahead - ABG

Q3e: sales of SEK 50m (up 10%), EBIT of SEK 1.5m (-2.8m)
Activity high despite soft market, first quarter with positive EBIT
Minor estimate reductions on weaker H2 economic environment


Q3 expectations

We expect Q3 sales of SEK 50m, up 10% y-o-y (12% organic), with seasonal weakness explaining the drop from the H1 figures of SEK 53m and 54m. On EBIT, we forecast SEK 1.5m (-2.8m), thus anticipating that the successfully executed cost savings programmes will allow Nexam to deliver its first positive EBIT figure.
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