Independent, sourced, not advice
Nexam Insights is an independent site about one company. We are not affiliated with Nexam Chemical AB, not paid by it, and not in contact with its investor relations beyond what any shareholder can access.
Nothing here is investment advice or an offer to buy or sell securities. We describe a business and a price. What you do with that is yours.
We do not publish the names behind the site. Judge the page by its sources, not by who wrote it - which is why every source is listed below.
Disclosure
Paid by Nexam Chemical ABNO
Advertising or sponsored contentNONE
Investment adviceNO
FundingSELF-FUNDED
Contributors may hold shares. That is a conflict, not a secret, and it is why the downside case is a required section rather than a courtesy.
One rule: everything points at a source
It is the only thing that separates this from a forum post.
Site content
Sourced or badged, never in between
Every figure we publish carries the document it came from. Anything we computed ourselves carries an ILLUSTRATIVE badge and says how it was modeled. There is no third category.
Insights
Anyone can write - sources encouraged
Insights are reader-written and publish immediately, so they are not held to the same bar as the pages we maintain. Link what you are reading from. A post with a source gets argued with; one without gets ignored.
When we are wrong
We say what changed, and when
We correct the page and say what changed, rather than editing a number away quietly. If a figure here does not match the document it cites, tell us.
FOUND SOMETHING WRONG? →Every correction, dated
Append-only. A correction cannot be edited or deleted by anyone the site runs as - a mistake in a correction is fixed by logging another one. That is the whole mechanism that replaced a review gate.
| Date | Surface | Field | Was | Now | Why |
|---|---|---|---|---|---|
| 5 Oct 2026 | Library · EU PPWR compliance guide | Article 6, the recycled-at-scale date | From 1 January 2035, or five years after those same acts enter into force | From 1 January 2035, or five years after the Article 6(5) implementing acts enter into force | Corrected twice in one day. The date was first stated flatly, which understated how conditional it is; the conditional then pointed at the delegated acts named in the sentence before it, where Article 6(2) ties the five-year clock to the implementing acts under Article 6(5). Two different acts on two different timetables. |
| 5 Oct 2026 | Library · Nexam vs. Trelleborg | The scale difference | Trelleborg's stated annual sales are more than a hundred times Nexam's four most recently reported quarters taken together | Nexam's four most recently reported quarters come to 192.6 MSEK, where the data room shows each of them; Trelleborg's stated annual sales are more than a hundred times that | True and unverifiable from the page it sat on. The comparison rests on four quarters and the entry printed one of them, so a reader could not do the arithmetic from what was in front of them. On a site whose whole claim is that every figure can be checked, an unverifiable comparison is a worse sentence than a plainer one. |
| 5 Oct 2026 | Library · Reactive Recycling applications | Title | Where Reactive Recycling is proven in production | Where Reactive Recycling is claimed to work in production | The title claimed more than the page. Its own dek says "claims", its first paragraph says everything on it is the manufacturer's own claim unless stated otherwise, and the one named test method is the company's own test. A title is the part of a page most often read alone - in a search result, in a shared link, in an index row - so it is the worst place on the site for a claim the body then walks back. |
| 5 Oct 2026 | Library · rPET and polyester | Index row for the closures guide | The one PET part that is not a bottle wall | The part of a PET bottle that is not PET | The guide this row indexes opens by saying a closure is almost always polyethylene or polypropylene, not PET, even on a PET bottle - which is the reason it is its own entry. The row got the polymer backwards. It was written the same morning, when the hub's stale "still to be written" section was replaced with real index rows. |
| 5 Oct 2026 | Library · Running 100% PCR Blown Film | The supply paragraph | The EU recycled 67.5% of all packaging waste in 2023 but only 55% is required of plastic by 2030 | The EU recycled 67.5% of all packaging waste in 2023; plastic packaging is measured separately and carries its own 55% target for 2030 | The same category error corrected in the market guide a day earlier, in a second place: an all-packaging outturn set beside a plastics-only target and joined with "but", which reads as one measure moving. It was missed the first time because the search was for the page it had been found on rather than for the shape of the mistake. |
| 5 Oct 2026 | Data room · Financials | Cash position, Q1 2026 | 38.0 | 37.9 | The table stored millions to two decimals, which is the nearest ten thousand, and the interim report states 37,949 thousand. Stored as 37.95 and then printed to one decimal, the cell rounded twice and landed on 38.0. The kronor columns now carry three decimals and the rows hold exactly what the reports state, so the only rounding left happens in the cell being drawn. This was the single displayed figure the change moved. |
| 5 Oct 2026 | Data room · Financials | Recycling sales 2025 | Recycling sales 7.3 to 23.2 MSEK in 2025 | Recycling sales 7.3 to 23 MSEK in 2025, with both of the company's own figures named | The year-end report for 2025 states the full-year recycling figure twice and differently: 23.4 MSEK in its review of the year, 23.2 MSEK in the CEO's comment, in one document. The card had quietly taken one of them, which leaves a reader who opens the source and finds the other unable to tell a transcription error from a discrepancy in the report. It now names both. |
| 23 Sep 2026 | Library · Nexam vs. Trelleborg | The scale difference | Trelleborg reports sales of 34,329 MSEK and 17,237 employees, in just over 40 countries with more than 100 manufacturing sites … roughly five hundred to one on annual revenue | Trelleborg's own about page states 34,329 MSEK of sales and 17,237 employees across 40 countries, with no year attached and labelled "Sales SEK, M" … more than a hundred times Nexam's four most recently reported quarters taken together | Three errors in one paragraph. The manufacturing-site count appears on no page the entry cites. The country count was "just over 40" where the source says 40. And the ratio divided Trelleborg's year by Nexam's quarter: against the four quarters Nexam has actually reported it is nearer a hundred and eighty than five hundred, so the text now states the comparison as an inequality a reader can check from the two cited documents. |
| 23 Sep 2026 | Library · Plastic Market | Supply is the constraint that follows | The EU recycled 67.5% of packaging waste in 2023 but only 55% is required of plastic by 2030, and most member states were below that | The EU recycled 67.5% of all packaging waste in 2023; plastic packaging carries its own 55% target for 2030 and was nowhere near it, with only two member states past it in 2023 | The sentence compared the recycling rate for all packaging with the target for plastic alone, joined by a "but" that implied one measure. Both figures come from the same Eurostat table and are unchanged; what changed is that the page no longer reads them as the same number. |
| 23 Sep 2026 | Library · Topic hubs | Still to be written | Three hubs stated that named entries "exist as addresses with no text" and said so on their own pages | The sections now index the entries, which have had their text for weeks | Stale. The claim was true when the hubs were written and stopped being true as the corpus filled; nothing on the site checked it. Found while translating the hubs into Swedish, which is the closest reading an entry gets. |
| 16 Sep 2026 | About · Sources | Nasdaq Nordic | Linked to api.nasdaq.com, which answers 400, and cited as the source of the 2026 valuation row | Marked as the marketplace rather than a source, linked to a page that opens; the 2026 valuation row now cites the share history feed | The Nasdaq API is disallowed by robots.txt and is not fetched, so citing it described a source the site does not read. The figure itself is unchanged and matches the share history feed. |
| 16 Sep 2026 | Data room · Valuation | Market snapshot 2026-08-22 | close 2.5200 · shares 102490000 · 52 week range 2.0500 to 4.3600 | close 3.29 · shares 102662092 · 52 week range 2.18 to 4.16 | Checked against Cision's share history and the interim report for the second quarter of 2026. The stored close was a design-prototype placeholder: the share traded between 3.16 and 3.36 that week, not at 2.52. |
| 16 Sep 2026 | Data room · Valuation | Market snapshot 2026-09-14 | close 2.9700 · 52 week range 2.2600 to 4.0700 | close 2.97 · 52 week range 2.18 to 4.08 | Checked against Cision's share history for the instrument, the same source the daily closes job reads. The stored figures were design-prototype placeholders and did not match the market. |
| 16 Sep 2026 | Thesis · Regulation | California SB 54 | 65% recycled across single-use packaging, +25% source reduction, Regulations filed | 65% of plastic covered material recycled, plus 25% source reduction, Scheduled | The 65% in SB 54 is a recycling rate for plastic covered material from 1 January 2032, not a recycled content share, and the page stated a rulemaking status we could not source. |
| 16 Sep 2026 | Thesis · Technology | Property recovery table (5 rows) | IV 0.80 / 0.66 / 0.78 · melt strength 100 / 61 / 94 · impact 100 / 68 / 92 · max PCR 35% / 100% · cost 100 / 82 / 85 | Removed from the page | The rows were modeled, but their modeling notes cited published viscosity ranges, literature on chain extension and a 1% additive loading. None of those sources exist: the manufacturer publishes no dosage, no chemistry and no trial data, and we found no paper behind the ranges. A modeled figure needs a true modeling note. |
| 16 Sep 2026 | Thesis · Recent results | Cash position | Cash SEK 11M + SEK 16M facility. Thin. This is the balance-sheet risk in the thesis. | Cash SEK 23M + SEK 25M facility, equity ratio 80% | The figure was a year out of date. The interim report for the second quarter of 2026 states SEK 22,898,000 in bank balances and an unused overdraft facility of SEK 25,000,000. The framing as the thesis's balance-sheet risk no longer matched the balance sheet. |
| 16 Sep 2026 | Thesis · Recent results | Reactive Recycling growth | Reactive Recycling™ volume +250% YoY (2025 vs 2024) | Recycling sales 7.3 to 23.2 MSEK in 2025, up more than 200% | The year-end report for 2025 gives over 250% growth for the fourth quarter against the same quarter of 2024, and full-year segment sales rising from 7.3 to 23.2 MSEK. The page applied the quarterly figure to the year, and said volume where the report says sales. |
| 16 Sep 2026 | Thesis · Regulation | EU PPWR design-for-recycling | Design-for-recycling rules apply, 2026, Applies now | Packaging below recyclability grade C off the market, 2030, Scheduled | Article 6(2) applies the design-for-recycling condition from 1 January 2030, or 24 months after the delegated acts enter into force, whichever is later. 2026 is the year the regulation as a whole started to apply, which is a different thing. |
| 14 Sep 2026 | Data room · Financials | Q3 25 | sales 44.0 · gross margin 46.1% · EBITDA 0.2 · EPS -0.06 · operating cash flow 1.4 · cash 11.8 | sales 45.5 · gross margin 46% · EBITDA 0.8 · EPS -0.05 · operating cash flow 8.2 · cash 10.9 | Checked against the company's report for the quarter. The earlier figures were placeholders from the site's design prototype and did not match the report. MSEK unless stated. |
| 14 Sep 2026 | Data room · Financials | Q4 25 | sales 47.5 · gross margin 47.6% · EBITDA 1.4 · EPS -0.06 · operating cash flow 2.2 · cash 12.6 | sales 43.2 · gross margin 47% · EBITDA 0.1 · EPS -0.06 · operating cash flow 2.5 · cash 12.2 | Checked against the company's report for the quarter. The earlier figures were placeholders from the site's design prototype and did not match the report. MSEK unless stated. |
| 14 Sep 2026 | Data room · Financials | Q1 26 | sales 46.0 · gross margin 44.8% · EBITDA 1.2 · EPS -0.04 · operating cash flow 3.1 · cash 14.0 | sales 43.9 · gross margin 48% · EBITDA -1.4 · EPS -0.08 · operating cash flow -4.9 · cash 38.0 | Checked against the company's report for the quarter. The earlier figures were placeholders from the site's design prototype and did not match the report. MSEK unless stated. |
| 14 Sep 2026 | Data room · Financials | Q2 26 | sales 49.3 · gross margin 47.9% · EBITDA 2.4 · EPS -0.03 · operating cash flow 8.0 · cash 11.0 | sales 60.0 · gross margin 48% · EBITDA 4.3 · EPS 0.03 · operating cash flow -9.3 · cash 22.9 | Checked against the company's report for the quarter. The earlier figures were placeholders from the site's design prototype and did not match the report. MSEK unless stated. |
| 14 Sep 2026 | Data room · Valuation | 2013, 2016, 2018, 2021, 2023, 2026 | 2013 71 · 2016 142 · 2018 181 · 2021 245 · 2023 198 · 2026 258 MSEK | 2013 502 · 2016 793 · 2018 628 · 2021 862 · 2023 272 · 2026 305 MSEK | Rebuilt from each annual report's shares in issue and year-end close, and Nasdaq Nordic for 2026. The earlier series applied today's share count to every year, and was marked illustrative. |
| 14 Sep 2026 | Data room · Ownership | 30 Jun 2026 | Retail free float 41.2% · Founders & board 18.4% · Avanza Pension 9.1% · Nordnet Pensions 6.7% | Ten largest holders from the company's share page: Avanza Pension 11.5% · Svenolov Hjaelmstad 7.9% · Claes Mellgren 4.3% · and seven more | The earlier rows were grouped estimates from the design prototype. They are withdrawn and replaced by the company's own list of its largest shareholders, with five earlier quarters for comparison. |
Where every number comes from
The data room runs on scheduled jobs against public sources. This is the whole list - if a source is not here, it is not on the site. A source marked not built yet is one we intend to read and have not written a job for; it contributes nothing to any figure on the site until it does.
| Source | Feeds | Refresh | Status | Last good |
|---|---|---|---|---|
| ABG Sundal Collier commissioned research | analyst-scraper | daily | collecting | 2h ago |
| Avanza (fallback quote) | — | 15 min | not built yet | never |
| CalRecycle newsroom | calrecycle-news | weekly | collecting | 5d ago |
| Cision newsroom - Nexam Chemical | news-scraper | 1 h | collecting | 18 min ago |
| Customs declarations | — | weekly | not built yet | never |
| ECB euro reference rates | fx-rate | daily | collecting | 15h ago |
| EUR-Lex packaging and waste | — | 6 h | not built yet | never |
| Eurostat (packaging waste and recycling rates) | eurostat-packaging, eurostat-prices | weekly | collecting | 3h ago |
| Finansinspektionen insider register | insider-trading | daily | collecting | 2h ago |
| Finansinspektionen short positions register (aggregated) | short-positions | 6 h | collecting | 1h ago |
| Google Trends | — | 6 h | not built yet | never |
| ImportYeti API (US vessel manifests) | shipment-tracker | weekly | failing | never |
| Nasdaq Nordic (market operator, not scraped) | — | 15 min | not built yet | never |
| Nexam Chemical (releases and share ticker) | ownership-scraper, staleness-sweep, stock-price | 1 h | collecting | 10 min ago |
| Nexam Chemical financial calendar | event-scraper | 12 h | collecting | 3h ago |
| Nexam Chemical open positions | job-scraper | daily | collecting | 3h ago |
| Nexam Chemical presentations page | media-scraper | daily | collecting | 1h ago |
| Nexam share history (Cision websolution) | daily-closes | daily | collecting | 15h ago |
| Nya Börssnack (thread titles) | forum-mentions | daily | collecting | 3h ago |
| Official journals, legislatures and enforcing agencies | — | checked by hand | stale | never |
| OpenAlex - works citing Nexam chemistry | academic-scraper | weekly | collecting | 1d ago |
| Plastics Recyclers Europe (newsroom) | pre-news | weekly | collecting | 6d ago |
| Press coverage of Nexam Chemical | — | 1 h | not built yet | never |
| Resin pricing context | — | daily | not built yet | never |
| US Federal Register (PCR) | — | 6 h | not built yet | never |
| US Federal Register API | regulatory-rss | 6 h | collecting | 1h ago |
| YouTube transcripts | — | daily | not built yet | never |