HEXPOL’s Annual Report for 2016 published
HEXPOL’s Annual Report for 2016 has today been published on our website www.hexpol.com.
In the “CEO comments”, Georg Brunstam, President and CEO, summarizes:
- 2016 was another good year for the HEXPOL Group. Our best result to date! We continued to improve our market positions in all of our principal markets and we further improved our earnings. Our strategy of both organic and acquired growth in our existing areas, combined with strong cash flow, is successful and stands firm.
- Our strategy of organic growth and acquired growth (primarily in the Polymer Compounding area) is unchanged and during 2016 we have successfully integrated three acquired Rubber Compounding operations. All of the acquired operations are well-known in the market and we have been monitoring them for some time. Our opportunities for successful acquisitions are always increased by having a well-thought-out and proven integration plan and by always acquiring in known areas. Our recent acquisitions within Rubber Compounding (Berwin Group with production units in Manchester, UK and in Gloucestershire, UK) have been quickly and wisely integrated into our present organisation. With the acquisition of Berwin, we have significantly improved our market position in the UK market.
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 2016 amounted to 10,879 MSEK. The HEXPOL Group has approximately 4,100 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 2:00 p.m. CET on March 23, 2017. 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.