Half year report January - June 2018

Second quarter 2018 – Increased sales and higher result

  • Sales increased 7 per cent to 3,461 MSEK (3,230).
  • Operating profit increased 9 per cent to 561 MSEK (517).
  • Operating margin increased to 16.2 per cent (16.0).
  • Profit after tax increased 16 per cent to 426 MSEK (366).
  • Earnings per share increased to 1.24 SEK (1.06).
  • Operating cash flow increased to 522 MSEK (423).

First half of 2018 – Increased sales and higher result

  • Sales increased 6 per cent to 6,770 MSEK (6,368).
  • Operating profit increased 5 per cent to 1,101 MSEK (1,049).
  • Operating margin amounted to 16.3 per cent (16.5).
  • Profit after tax increased 12 per cent to 837 MSEK (745).
  • Earnings per share increased to 2.43 SEK (2.16).
  • Operating cash flow amounted to 824 MSEK (858). 

President’s comments

“The second quarter of 2018 was another strong quarter – our best quarter to date for both sales and operating profit. The sales increased by 7 per cent and the volume development were positive. The sales have been affected positively by the fact that the sales prices have been higher, since the prices on our main raw materials have increased. The sales were still stable to automotive related customers and to customers within building and construction, while the sales to engineering and general industry improved. Operating profit increased by 9 per cent and the operating margin increased to 16.2 per cent. Earnings per share increased to 1.24 SEK.

The first half-year 2018 was strong. The sales increased by 6 per cent and earnings per share increased to 2.43 SEK. Our financial position remains strong and with a net cash of 56 MSEK we are well equipped for further expansion.”

Mikael Fryklund, President and CEO

For more information, please contact:

Mikael Fryklund, President and CEO
Tel: +46 (0)40 25 46 61

Karin Gunnarsson, Chief Financial Officer/ Investor Relations Manager
Tel: +46 (0)40 25 46 64

HEXPOL is a world-leading polymers group with strong global positions in advanced polymer compounds (Compounding), gaskets for plate heat exchangers (Gaskets), and plastic and rubber materials for truck and castor wheel applications (Wheels). Customers are primarily systems suppliers to the global automotive and engineering industry, construction industry, the energy, oil and gas sector, medical equipment manufacturers and OEM manufacturers of plate heat exchangers and forklifts. The Group is organised in two business areas, HEXPOL Compounding and HEXPOL Engineered Products. The HEXPOL Group’s sales in 2017 amounted to 12,230 MSEK. The HEXPOL Group has approximately 4,400 employees in eleven countries. Further information is available at www.hexpol.com.

This press release consists of such information that HEXPOL AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Market Act. The information was submitted for publication, through the agency of the contact person set out above, at 11:00 a.m. CET on July 18, 2018. This report has been prepared both in Swedish and English. In case of any divergence in the content of the two versions, the Swedish version shall have precedence.

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About Us

HEXPOL is a world-leading polymers group with strong global positions in advanced polymer compounds (Compounding), gaskets for plate heat exchangers (Gaskets), and plastic and rubber materials for truck and castor wheel applications (Wheels).Customers are mainly system suppliers to players in the global automotive and engineering industries, construction sector, the energy, oil and gas sector, manufacturers of medical equipment as well as OEM manufacturers of plate heat exchangers and forklifts. Further information is available at www.hexpol.com.