HEXPOL’s annual report for 2010 published

 

HEXPOL’s annual report for 2010 has today been published on our website www.hexpol.com and is under distribution to the Group’s shareholders.

Georg Brunstam, HEXPOL’s President and CEO, comments the year in the annual report:

-           2010 was a very good year for the HEXPOL Group. Our sales rose by a healthy 46 percent to 3,798 MSEK (2,608). We increased our earnings per share, excluding items affecting comparability, by 85 percent to 11.98 SEK (6.48).

-           Our operating cash flow, excluding items affecting comparability, remained strong as previous years, amounting to healthy 506 MSEK (462).

-           During 2010, we made two major strategic acquisitions: ELASTO Group and Excel Polymers Group. The acquired companies provide annual sales of approximately 3,000 MSEK and strengthen our leading global position within HEXPOL Compounding business area.

The annual report can be downloaded from the website, www.hexpol.com. The website also provides information on giving notice of intention to attend HEXPOL’s AGM on May 6. Printed copies of the annual report can be ordered via HEXPOL’s communication department at info@hexpol.com.

 

For further information please contact:

Urban Ottosson, CFO/IR, + 46 (0) 767 855 144

 

HEXPOL is a world-leading polymers group with strong global positions in advanced polymer compounds (Compounding), gaskets for plate heat exchangers (Gaskets) and wheels made of plastic and rubber materials for truck and castor wheel application (Wheels).Customers are primarily OEM manufacturers of plate heat exchangers and trucks, global systems suppliers to the automotive industry and the medical technology industry. The Group is organised in two business areas, HEXPOL Compounding and HEXPOL Engineered Products. HEXPOL's sales in 2010 amounted to approximately 3,800 MSEK. After the acquisition of Excel Polymers, the HEXPOL Group has approximately 3,000 employees in nine countries and pro forma net sales in 2010 of above 6,300 MSEK. Read more at www.hexpol.com.

This press release consists of such information that HEXPOL AB (publ) may be obliged to disclose in accordance with the Swedish Securities Market Act and /or the Financial Instruments Trading Act. The information was submitted for publication on April 15, 2011 at 08:00 a.m. CET.

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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.

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