Increased margins during the quarter in a challenging market
Fourth quarter at a glance
Significant events during the quarter:
- Sales decreased by 2% in the quarter but margin increased from 36% to 39%, compared with the corresponding quarter in 2021.
- Performance Masterbatch decreased revenue by 4% and Performance Chemical by 1%, compared with the corresponding quarter in 2021.
-
Continued success in South Koreas in
Reactive Recycling in the form of new orders to a value ofSEK 2m . Christer Svanberg started as new CTO during November.- Finished the installation of new machine line in Lomma.
Financials during the fourth quarter 2022:
- Net sales during quarter amounted to
SEK 55,706,000 (57,052,000). - The operating profit before depreciation (EBITDA) for the quarter was SEK - 1,393,000 (1,204,000).
- The adjusted operating profit before depreciation (Adj EBITDA) for the quarter was SEK - 659,000 (1,204,000). The adjustment is related to costs for reorganisation of sales department.
- Cash flow from the operating activities during the quarter amounted to SEK - 4,323,000 (15,305,000).
-
Earnings per share before and after dilution amounted to
SEK -0.03 (-0.02) for the quarter.
Financials during January to
- Net sales for the full year amounted to
SEK 221,756 (219,452,000). -
The operating profit before depreciation (EBITDA) for the for the full year amounted to
SEK 112,000 (6,297,000). -
The adjusted operating profit before depreciation (Adj EBITDA) for the full year amounted to
SEK 846,000 (7,605,000). The adjustment is related to costs for reorganisation of sales department. - Cash flow from the operating activities for the full year amounted to SEK - 11,100,000 (7,255,000).
-
In comparison to the beginning of the year, cash and cash equivalents amounted to
SEK 22,875,000 (63,601,000). -
Earnings per share before dilution amounted for the full year to
SEK -0.15 (-0.07) SEK and after dilution toSEK -0.15 (-0.06). - The Board proposes no dividend for the year 2022.
Lomma
The Board of Directors
These financial statements haven't been reviewed by the Company's auditor.
Presentation:
The presentation will be held in Swedish via the following link: https://youtu.be/sWQJ7A_Gapw
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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