HEXPOL’s Annual Report for 2017 published
HEXPOL’s Annual Report for 2017 has today been published on our website www.hexpol.com.
In the “CEO comments”, Mikael Fryklund, President and CEO, summarizes:
- 2017 was our best year to date, with a sales increase of 12 percent and improved earnings. We improved our market positions in our principal markets and we further improved our operating profit. Our strategy of both organic and acquired growth in our existing areas, combined with strong cash flow, is successful and stands firm.
- Our strategy with growth primarily in the Polymer Compounding area is unchanged, and in 2017, we acquired two new rubber Compounding operations. The acquisition of Trelleborg’s Rubber Compounding unit in Lesina in the Czech Republic, which was implemented in March 2017, strengthens our position in Eastern Europe and our competencies in compounds for injection moulding, and provides us with access to new global customers who are world leaders in their field. In April 2017, we acquired the well-known US Rubber Compounder, Valley Processing, which strengthens our presence in western USA. These acquisitions are operations that are well known in the market and we have been monitoring for some time. Our opportunities for successful acquisitions are increased by having a well-thought-out and proven integration plan and by always acquiring in known areas.
In the Annual Report HEXPOL Group present, as previously, the work and results in the sustainability area.
For further information, please contact:
Karin Gunnarsson, CFO/IR
+46 (0)705 55 47 32
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 Securities Market Act. The information was submitted for publication, through the agency of the contact person set out above, at 1:30 p.m. CET on March 23, 2018. This press release 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.