Interim report January - March 2023

JANUARY – MARCH 2023

• Sales increased by 16 percent and amounted to 5,990 MSEK (5,173).
• EBIT increased by 22 percent and amounted to 946 MSEK (775).
• EBIT-margin amounted to 15.8 percent (15.0).
• Profit after tax amounted to 668 MSEK (600).
• Earnings per share amounted to 1.94 SEK (1.74).
• Operating cash flow increased to 593 MSEK (103).

"Once again, we delivered a very strong quarter. EBIT amounted to 946 MSEK (775), which in terms of results is our best quarter to date and represents an increase of 22 percent compared with the corresponding quarter previous year. The sales growth for the quarter as a total was strong with an increase of 16 percent compared with the corresponding quarter last year, with good sales in all markets and product areas. Above all, America showed a continued strong development. Included in the sales growth for HEXPOL Group are positive effects from acquisitions and positive currency effects.
Strong execution of our solid business model with high customer focus combined with our ability to offer fast and stable deliveries, as well as rapid implementation of price adjustments are the key to the strong result. This together with our large geographical coverage with manufacturing close to our customers increases our delivery capacity."

Georg Brunstam, President and CEO

For more information, please contact:

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 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 2022 amounted to 22,243 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. 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, 2023. 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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