Nexam Chemical: Fighting hard against PET-foam headwinds - ABG
Q4e sales SEK 50m, flat y-o-y, EBIT SEK -0.6m (-2.1m) Somewhat more cautious on Perf. Chem. sales, PET market weak Working to reduce customers' costs to help sales in weak economy
ANNONS
Q4 expectations
We expect sales of SEK 50m for Q4, roughly in line with last year, alongside EBIT of SEK -0.6m (-2.1m). The latter figure is improving y-o-y, but has not quite managed to break even as the continued weakness in the PET-foam market leads us to take a somewhat more cautious view on Performance Chemicals sales, pencilling in -5% organic growth y-o-y. For Performance Masterbatch, which is seeing somewhat better momentum, we have +5%.
