Nexam Chemical Holding First Quarter 2024 Earnings: Revenues Disappoint

Nexam Chemical Holding (STO:NEXAM) First Quarter 2024 Results

Key Financial Results

• Revenue: kr53.6m (up 2.5% from 1Q 2023).
• Net loss: kr1.87m (loss narrowed by 54% from 1Q 2023).
• kr0.023 loss per share (improved from kr0.051 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nexam Chemical Holding Earnings Insights

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Chemicals industry in Sweden.

Performance of the Swedish Chemicals industry.

The company's shares are up 4.8% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Nexam Chemical Holding that you need to be mindful of.

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