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Interim report January - September 2022

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JULY – SEPTEMBER 2022

  • Sales increased by 44 percent and amounted to 5,921 MSEK (4,108).
  • EBIT amounted to 838 MSEK (1,105).
  • EBIT-margin amounted to 14.2 percent (26.9).
  • EBIT amounted to 838 MSEK and increased by 24 percent compared to adjusted EBIT (excl. non-recurring items) of 677 MSEK previous year.
  • EBIT-margin amounted to 14.2 percent compared to adjusted EBIT-margin (excl. non-recurring items) of 16.5 percent previous year.
  • Profit after tax amounted to 615 MSEK (841).
  • Earnings per share amounted to 1.79 SEK (2.44).
  • Operating cash flow amounted to 702 MSEK (412).

JANUARY – SEPTEMBER 2022

  • Sales increased by 41 percent and amounted to 16,748 MSEK (11,920).
  • EBIT amounted to 2,449 MSEK (2,537).
  • EBIT-margin amounted to 14.6 percent (21.3).
  • EBIT amounted to 2,449 MSEK and increased by 16 percent compared to adjusted EBIT (excl. non-recurring items) of 2,109 MSEK previous year.
  • EBIT-margin amounted to 14.6 percent compared to adjusted EBIT-margin (excl. non-recurring items) of 17.7 percent previous year.
  • Profit after tax amounted to 1,859 MSEK (1,912).
  • Earnings per share amounted to 5.40 SEK (5.55).
  • Operating cash flow amounted to 1,447 MSEK (1,435).

"Once again, we delivered a very strong quarter. EBIT amounted to 838 MSEK, in line with the previous quarter’s record result and corresponds to an increase of 24 percent compared with the same quarter previous year. The sales growth was strong with 44 percent compared with the corresponding quarter last year, with good sales in all markets and all product areas. America showed continued strong development. Global sales to automotive-related customers still varies, but a certain improvement was seen at the end of the quarter, mainly in America. However, we see a great uncertainty in Europe towards the end of the quarter, mainly in the building and construction industry. Included in the positive sales development are effects from acquisitions, positive currency effects and increased sales prices.

Strong execution of our solid business model with high customer focus combined with our ability to offer fast and stable deliveries, and the implementation of price adjustments are the key to our strong results. 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, 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 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 1:00 p.m. CET on 21 October, 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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