Growth by 26% and best quarter to date
First quarter at a glance
Significant events:
- Continued high growth, +26% compared to the corresponding quarter in 2020.
- Both Performance Chemical, + 38%, and Performance Masterbatch, + 15%, are growing compared to the corresponding quarter in 2020.
-
First commercial order to
India amounted toSEK 1,500,000 shipped during the quarter. -
Directed new share issue oversubscribed, added
SEK 33,534,000 after deduction of transaction costs. Reactive Recycling , a new offering in recycling, was launched during the quarter.
Financials:
- Net sales during quarter amounted to
SEK 52,506,000 (41,704,000). -
The operating profit before depreciation (EBITDA) for the quarter was
SEK 2,090,000 (2,283,000). -
In comparison to the beginning of the year, cash and cash equivalents amounted to
SEK 61,556,000 (29,791,000) excluding an unused credit facility ofSEK 10,000,000 . -
Cash flow from the operating activities during the quarter amounted to
SEK 3,600,000 (- 3,940,000). -
Earnings per share before and after dilution amounted to
SEK -0.00 (- 0.01) for the quarter. - Operating profit for the quarter is charged with non-recurring costs linked to adjustments in the supply chain.
Lomma
The Board of Directors
These financial statements haven't been reviewed by the Company's auditor.
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.
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