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Half year report January - June 2017

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Second quarter 2017 – Increased sales and higher profit

    • Sales increased 23 per cent to 3,230 MSEK (2,627).
    • Operating profit increased 11 per cent to 517 MSEK (465).
    • Operating margin amounted to 16.0 per cent (17.7).
    • Profit after tax rose to 366 MSEK (329).
    • Earnings per share increased 10 per cent to 1.06 SEK (0.96).
    • Operating cash flow amounted to 423 MSEK (580).
    • In early April, Valley Processing, a well- known US Rubber Compounder, was acquired.

First half of 2017 – Increased sales and higher profit

    • Sales increased 18 per cent to 6,368 MSEK (5,384).
    • Operating profit increased 9 per cent to 1,049 MSEK (962).
    • Operating margin amounted to 16.5 per cent (17.9).
    • Profit after tax rose to 745 MSEK (684).
    • Earnings per share increased 9 per cent to 2.16 SEK (1.99).
    • Operating cash flow amounted to 858 MSEK (905).
    • Mikael Fryklund appointed president and CEO, started July 1.
    • March 31, Trelleborg’s Rubber Compounding unit in Czech Republic, a well-known Rubber Compounder in Central Europe, was acquired.

President’s comments

“I am happy to present my first interim report as president and CEO for HEXPOL. The second quarter of 2017 was another strong quarter. The Sales increased 23 per cent and the volume development was positive. During the quarter, the prices on our main raw materials have been stable and the price pressure continued strong on all markets. Earnings per share increased 10 per cent.

At the end of March, Trelleborg’s Rubber Compounding unit in Czech Republic, a well-known Rubber Compounder in Central Europe, was acquired. In early April, Valley Processing, a well-known US Rubber Compounder, was acquired.

The first half-year was strong. The Sales increased 18 per cent and earnings per share increased 9 per cent. 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 2016 amounted to 10,879 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 19, 2017. 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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