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Half-year report January – June 2022

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APRIL – JUNE 2022

  • Sales increased by 41 percent and amounted to 5,654 MSEK (4,002).
  • EBIT increased by 15 percent to 836 MSEK (728).
  • EBIT-margin amounted to 14.8 percent (18.2).
  • Profit after tax increased by 20 percent to 644 MSEK (537).
  • Earnings per share increased by 20 percent to 1.87 SEK (1.56).
  • Operating cash flow amounted to 642 MSEK (590).

JANUARY – JUNE 2022

  • Sales increased by 39 percent and amounted to 10,827 MSEK (7,812).
  • EBIT increased by 13 percent to 1,611 MSEK (1,432).
  • EBIT-margin amounted to 14.9 percent (18.3).
  • Profit after tax increased by 16 percent to 1,244 MSEK (1,071).
  • Earnings per share increased by 16 percent to 3.61 SEK (3.11).
  • Operating cash flow amounted to 745 MSEK (1,023).

"We continued to handle the challenges in the supply chain with raw material shortages, transport problems, and increased prices on both raw materials and energy costs. Once again, we delivered a very strong quarter. EBIT amounted to 836 MSEK, our best result ever, which corresponds to an increase of 8 percent compared with the previous quarter and with 15 percent compared to the corresponding quarter previous year. We had a strong sales growth of 41 percent compared with the corresponding quarter last year, with good sales in all markets and all product areas. Americas showed particularly strong development while sales to automotive-related customers remained pending. Included in the positive sales development are effects from acquisitions, positive currency effects and increased sales prices.

We believe that our strong customer focus in combination with our geographical closeness to our customers give us opportunities to deal with the disruptions and further strengthen our market position. We are flexible and ready to meet the expected increase in vehicle production. The strong business model in combination with a clear M&A agenda and strong financial position give us good conditions for continued growth and acquisitions."

Georg Brunstam, President and CEO

For more information, please contact:

Georg Brunstam, President and CEO
+46 (0)40 25 46 61

Peter Rosén, Deputy CEO and CFO
+46 (0)40 25 46 60
 

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 2021 amounted to 16,005 MSEK. The HEXPOL Group has approximately 5,100 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 and the Securities Market Act. The information was submitted for publication, through the agency of the contact person set out above, at 01:00 p.m. CET on July 15 2022. 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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