English

Interim report January­­-September 2013

Report this content

Third quarter of 2013 - Another strong quarter

  • Sales rose to 2,039 MSEK (1,980).
  • Operating profit increased 16 per cent to 324 MSEK (280).
  • The operating margin improved to 15.9 per cent (14.1).
  • Profit after tax rose 21 per cent to 232 MSEK (192).
  • Earnings per share increased 21 per cent to 6.74 SEK (5.58).
  • Operating cash flow was strong and increased to 395 MSEK (295).

Jan-Sep 2013 - Continued strong earnings development, our best results to date

  • Sales amounted to 6,113 MSEK (6,243).
  • Operating profit increased 11 per cent to 934 MSEK (839).
  • The operating margin improved to 15.3 per cent (13.4).
  • Profit after tax rose 19 per cent to 676 MSEK (567).
  • Earnings per share increased 19 per cent to 19.64 SEK (16.47).
  • Operating cash flow was strong and increased to 1,020 MSEK (886).
  • The US rubber compounding company Robbins, which was acquired in November 2012, has been successfully integrated.

President’s comments

“The third quarter of 2013 was another strong quarter for the HEXPOL Group, our best quarter to date in terms of earnings. Our earnings per share improved significantly to 6.74 SEK (5.58), up 21 per cent. The operating margin improved further to 15.9 per cent (14.1) and our operating profit increased 16 per cent to 324 MSEK (280). Volumes improved both year-on-year and compared with the preceding quarter, but sales were once again impacted by a price reduction for our principal raw materials. Operating cash flow remained strong and increased to 395 MSEK (295).

January-September 2013 was a period with a strong earnings development. Our earnings per share increased 19 per cent to 19.64 SEK (16.47). During the year, the US rubber compounding company Robbins was successfully integrated with a better earnings development than plan. Our balance sheet is strong and, with a net debt/equity multiple of 0.2 (0.3), we are well-equipped for continued expansion.”

Georg Brunstam, President and CEO

For more information, please contact:

Georg Brunstam, President and CEO
Tel: +46 708 55 12 51

Karin Gunnarsson, Chief Financial Officer, Investor Relations Manager
Tel: +46 705 55 47 32

HEXPOL is a world-leading polymers group with strong global positions in advanced rubber compounds (Compounding), gaskets for plate heat exchangers (Gasket), and plastic and rubber materials for truck and castor wheel applications (Wheels). Customers are primarily OEM manufacturers of plate heat exchangers and trucks, global systems suppliers to the automotive and engineering industries, the energy sector and the medical technology industry. The Group is organised in two business areas, HEXPOL Compounding and HEXPOL Engineered Products. The HEXPOL Group’s sales in 2012 amounted to 8,007 MSEK. The HEXPOL Group has approximately 3,400 employees in ten countries. Further information is available at www.hexpol.com.

This report may contain forward-looking statements. When used in this report, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend”, “plan” and “project” are intended to identify forward-looking statements. Such statements could encompass risks and uncertainties pertaining to product demand, market acceptance, effects of economic conditions, impact of competitive products and pricing, foreign currency exchange rates and other risks. These forward-looking statements reflect the views of HEXPOL’s management as of the date made with respect to future events but are subject to risks and uncertainties. While all of these forward-looking statements are based on estimates and assumptions made by HEXPOL’s management and are believed to be reasonable, they are inherently uncertain and difficult to predict. Actual results or experience could differ materially from the forward-looking statements. HEXPOL disclaims any intention or obligation to update these forward-looking statements.

This report consists of such information that HEXPOL AB is obliged to disclose in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 24 October 2013, at 8:00 a.m. CET. 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.

Tags:

HEXPOL

Subscribe

Documents & Links