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Interim report January – September 2010

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​Published on 22 October 2010

Third quarter of 2010 – Continued sharp growth, with further strengthened margins

  • Net sales increased by 46 per cent to 950 MSEK (651).
  • Operating profit increased by 48 per cent and amounted to 120 MSEK (81).
  • Operating margin was 12.6 per cent (12.4).
  • Profit after tax amounted to 82 MSEK (57).
  • Earnings per share increased strongly and amounted to 3.09 SEK (2.15).
  • Operating cash flow amounted to 100 MSEK (112).
  • An agreement was signed on 18 October to acquire the global rubber compounding Group, Excel Polymers.

 

January - September 2010 – Sharp growth with strong margins

  • Net sales increased by 40 per cent to 2,666 MSEK (1,905).
  • Operating profit increased to 323 MSEK (83); excl. items affecting comparability 323 MSEK (181).
  • Profit after tax totalled 220 MSEK (34); excl. items affecting comparability 220 MSEK (115).
  • Earnings per share increased to 8.29 SEK (1.28); excl. Items affecting comparability 8.29 SEK (4.33).
  • Operating cash flow amounted to 279 MSEK (319).

 

President’s comments

”Our strong growth continued and we increased sales in the third quarter by 46 per cent, compared with the corresponding quarter in 2009. We also continued to improve our already strong operating margin to 12.6 per cent (12.4). The sales increase was strong in all geographic markets. Once again, we coped with the volume increase in a flexible and cost-efficient manner. During the first nine months, earnings per share increased by 91 per cent to 8.29 SEK (4.33*). Operating profit increased by 78 per cent to 323 MSEK (181*) and sales rose by 40 per cent to 2,666 MSEK (1,905).

On 18 October, we signed an agreement to acquire the global rubber compounding group, Excel Polymers. The acquisition will make us the largest global rubber compounding Group, with estimated annual sales of about 5,8 billion SEK.”

                                                                                       Georg Brunstam, President and CEO

For more information, please contact:

Georg Brunstam, President and CEO

 Tel: +46 708 55 12 51

 

Urban Ottosson, CFO/IR
Tel: +46 767 85 51 44

HEXPOL is a world-leading polymers group with strong global positions in advanced rubber compounds (Compounding), gaskets for plate heat exchangers (Gaskets) and wheels made of plastic and rubber materials for truck and castor wheel application (Wheels).Customers are primarily OEM manufacturers of plate heat exchangers and trucks, global systems suppliers to the automotive industry and the medical technology industry. The Group is organised in two business areas, HEXPOL Compounding and HEXPOL Engineered Products, and has some 2,300 employees in nine countries. HEXPOL’s rolling 12-month sales amounted to 3,400 MSEK. Read more at www.hexpol.com.

 

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