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Nexam Chemical Reports Q3 Gains with Recycling Boost and Strong Cash Position
Nexam Chemical reported Q3 gains with revenue reaching SEK 45.5 million, bolstered by a growing recycling segment and a strong cash position of close to SEK 11 million.
- Nexam Chemicals revenue for Q3 stood at SEK 45.5 million, showing a slight improvement compared to last year, indicating resilient performance amid market conditions.
- The recycling segments growth contributed SEK 4 million to total sales, now representing 12% of overall revenue, highlighting a strategic shift towards sustainability.
- Despite an EBITDA of SEK 0.7 million, the company recorded a bad debt reserve of SEK 1 million, impacting overall Earnings before interest and taxes and Net income.
Por Qué Es Relevante
The growth in Nexam Chemicals recycling segment reflects a broader industry trend towards sustainability, positioning the company well in a market increasingly focused on environmentally friendly practices. Their strong Cash flow and solid cash reserves enhance financial stability and support future investments.