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Interim report January-September 2018

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Third quarter 2018 – Increased sales and higher result

  • Sales increased 17 per cent to 3,443 MSEK (2,936).
  • Operating profit increased 12 per cent to 527 MSEK (470).
  • Operating margin amounted to 15.3 per cent (16.0).
  • Profit after tax increased 21 per cent to 404 MSEK (333).
  • Earnings per share increased 21 per cent to 1.17 SEK (0.97).
  • Operating cash flow amounted to 516 MSEK (534).
  • In September, Kirkhill Rubber, a well-known US Rubber Compounder, was acquired.
  • In early October, 80 per cent of the shares in MESGO Group, a leading Compounder in Europe within advanced Compounds, were acquired.

Jan-Sep 2018 – Increased sales and higher result

  • Sales increased 10 per cent to 10,213 MSEK (9,304).
  • Operating profit increased 7 per cent to 1,628 MSEK (1,519).
  • Operating margin amounted to 15.9 per cent (16.3).
  • Profit after tax increased 15 per cent to 1,241 MSEK (1,078).
  • Earnings per share increased 15 per cent to 3.61 SEK (3.13).
  • Operating cash flow amounted to 1,340 MSEK (1,392). 

President’s comments

“The third quarter of 2018 was another strong quarter. The sales increased by 17 per cent, the volume development was positive, operating profit increased by 12 per cent while earnings per share increased by 21 per cent. We are very pleased with our two last acquisitions, Kirkhill Rubber and MESGO Group. These acquisitions give us a better position within advanced elastomers and broaden our geographical presence in three new countries and strengthen our position in western US.

The period January-September was strong. The sales increased by 10 per cent and earnings per share increased by 15 per cent to 3.61 SEK. Our financial position remains strong and 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 4,500 employees in fourteen 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. The information was submitted for publication, through the agency of the contact person set out above, at 12:00 a.m. CET on October 25, 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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