Turbulent quarter with several bright spots
Second quarter at a glance
Significant events:
- Sales decreased by 7% in the quarter, Performance Masterbatch + 23% and Performance Chemical, -32%, compared with the corresponding quarter in 2021.
-
Recruited
Borys Schaffran , based in theUSA , as responsible for sales development inNorth America . - The first part of the innovation center in Lomma completed and in operation after the summer.
Financials:
- Net sales during quarter amounted to
SEK 55,417,000 (59,664,000). -
The operating profit before depreciation (EBITDA) for the quarter was SEK - 930,000 (1,957,000). The quarter was burdened by consulting costs for reviewing strategic collaborations and recruiting costs by approximately
SEK 0.5 million . -
In comparison to the beginning of the year, cash and cash equivalents amounted to
SEK 51,413,000 (63,601,000). - Cash flow from the operating activities during the quarter amounted to SEK - 2,841,000 (- 7,471,000).
-
Earnings per share amounted to
SEK -0.05 (-0.02) for the quarter.
Lomma
The Board of Directors
These financial statements haven't been reviewed by the Company's auditor.
Conference call:
The presentation will be held in Swedish via a conference call or audio webcast at https://financialhearings.com/event/43341
Phone number for the conference:
US: +1 412 317 6300
Pin code; 3446552#
Note: This press release has been translated from Swedish. The Swedish text shall govern for all purposes and prevail in case of any discrepancy with the English version.
For further information please contact:
Certified Adviser:
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https://mb.cision.com/Main/6364/3600993/1604162.pdf
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