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Interim report January - March 2022

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JANUARY – MARCH 2022

  • Sales increased by 36 percent and amounted to 5,173 MSEK (3,810).
  • EBIT increased by 10 percent to 775 MSEK (704).
  • EBIT-margin amounted to 15.0 percent (18.5).
  • Profit after tax increased by 12 percent to 600 MSEK (534).
  • Earnings per share increased by 12 percent to 1.74 SEK (1.55).
  • Operating cash flow amounted to 103 MSEK (433).

Strong result in a continued challenging environment
Despite major challenges in the supply chain with raw material shortages, transport problems, and increased prices on both raw materials and energy costs, we delivered a strong quarter. EBIT increased by 23 percent compared with the previous quarter and by 10 percent compared with the corresponding quarter previous year. We had a strong sales growth of 36 percent compared with the corresponding quarter last year, with good sales in all markets and all product areas. Americas showed particularly strong development. Included in the positive sales development are effects from acquisitions, positive currency effects and increased sales prices.

Strong implementation of the business modell with strong customer focus combined with our ability to offer fast and stable deliveries to our customers is fundamental in the great uncertainty that prevails right now. This together with our large geographical coverage with manufacturing close to our customers increases our ability to serve our customers.

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 polymer 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 4,8000 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 28 April, 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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