HEXPOL Interim Report January - September 2021

JULY - SEPTEMBER 2021

• Sales increased by 23 percent and amounted to 4,108 MSEK (3,328).
• EBIT increased by 86 percent to 1,105 MSEK (593).
• EBIT-margin increased to 26.9 percent (17.8).
• Adjusted EBIT (excl. non-recurring items) increased by 14 percent to 677 MSEK (593).
• Adjusted EBIT-margin (excl. non-recurring items) amounted to 16.5 percent (17.8).
• Profit after tax increased to 841 MSEK (426).
• Earnings per share increased by 97 percent to 2.44 SEK (1.24).
• Operating cash flow amounted to 412 MSEK (773).
• Non-recurring items, before tax, amounted to 428 MSEK (0), mainly related to the insurance settlement after the fire in one of our production units in the USA earlier this year.

JANUARY - SEPTEMBER 2021

• Sales increased by 19 percent and amounted to 11,920 MSEK (10,022).
• EBIT increased by 93 percent to 2,537 MSEK (1,313).
• EBIT-margin increased to 21.3 percent (13.1).
• Adjusted EBIT (excl. non-recurring items) increased by 52 percent to 2,109 MSEK (1,389).
• Adjusted EBIT-margin (excl. non-recurring items) increased to 17.7 percent (13.9).
• Profit after tax increased to 1,912 MSEK (953).
• Earnings per share increased by 100 percent to 5.55 SEK (2.77).
• Operating cash flow amounted to 1,435 MSEK (1,525).
• Non-recurring items, before tax, amounted to 428 MSEK (negative 76), mainly related to the insurance settlement after the fire in one of our production units in the USA earlier this year.

 Strong sales growth in a challenging market situation 
We delivered a strong organic sales growth of 19 percent compared with the corresponding quarter last year, driven by good sales in all markets and product areas. This is despite many disturbances during the quarter in the form of production stoppages at automotive customers, global transport problems and raw material shortages. Operating profit for the quarter amounted to 1,105 MSEK (593) which includes non-recurring items of 428 MSEK, mainly related to the insurance settlement after the fire in one of our production units in the USA earlier this year. Adjusted EBIT amounted to 677 MSEK (593), which corresponds to a margin of 16.5 percent (17.8).

We again experience that our strong customer focus combined with our ability to offer fast and stable deliveries to our customers are appreciated when the uncertainty is so high around the world. Our large geographical coverage with plants close to our customers is a clear competitive advantage.

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 2020 amounted to 13,424 MSEK. The HEXPOL Group has approximately 4,600 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 1:00 p.m. CET on 22 October, 2021. 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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