Stability in an otherwise turbulent world
First quarter at a glance
Significant events:
- Growth by 3 percent in the quarter, Performance Masterbatch, + 21%, and Performance Chemicals, - 14%, compared to the corresponding quarter in 2021.
- Received the Nasdaq Green Equity Designation.
-
Investment of
SEK 20 million started in a new production line in Lomma. -
Received a commercial order to
Japan for production of semiconductors, which is estimated to amount toSEK 2.5 million during the year. - Started the construction of an innovation centre in Lomma.
Dane Momcilovic recruited as business manager for the PET foam business area.
Financials:
- Net sales during quarter amounted to
SEK 53,913,000 (52,506,000). -
The operating profit before depreciation (EBITDA) for the quarter was
SEK 1,690,000 (2,090,000). -
In comparison to the beginning of the year, cash and cash equivalents amounted to
SEK 64,192,000 (63,601,000). -
Cash flow from the operating activities during the quarter amounted to
SEK 5,404,000 (3,600,000). -
Earnings per share amounted to
SEK -0.02 (0.00) 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/43340
Phone number for the conference:
US: +164 6722 4903
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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