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Interim report January-September 2023

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JULY – SEPTEMBER 2023

  • Sales amounted to 5,461 MSEK (5,921).
  • EBIT increased by 11 percent and amounted to 930 MSEK (838).
  • EBIT-margin amounted to 17.0 percent (14.2).
  • Profit after tax increased by 9 percent to 670 MSEK (615).
  • Earnings per share amounted to 1.95 SEK (1.79).
  • Operating cash flow increased by 37 percent to 963 MSEK (702).

JANUARY – SEPTEMBER 2023

  • Sales increased by 3 percent and amounted to 17,178 MSEK (16,748).
  • EBIT increased by 15 percent and amounted to 2,821 MSEK (2,449).
  • EBIT-margin amounted to 16.4 percent (14.6).
  • Profit after tax increased by 8 percent and amounted to 2,017 MSEK (1,859).
  • Earnings per share amounted to 5.86 SEK (5.40).
  • Operating cash flow increased by 80 percent to 2,604 MSEK (1,447).

“Once again, we delivered a strong quarter. EBIT amounted to 930 MSEK (838), which in terms of results is our best third quarter to date and represents an increase of 11 percent compared with the corresponding quarter previous year. At the same time, the EBIT margin improved to 17.0 percent (14.2). The sales prices are lower compared to both the first-half year this year and compared to the corresponding quarter previous year as a result of lower prices on our main raw materials. Included in the sales for HEXPOL Group are positive effects from acquisitions and positive currency effects. The operating cashflow was strong in the quarter with 963 MSEK (702).

We believe that our strong customer focus in combination with our geographical closeness to our customers gives us continued opportunities to deal with the disruptions and further strengthen the market position. The strong business model in combination with a clear acquisition strategy and strong financial position give us good conditions for continued growth and acquisitions.”

Peter Rosén, Acting CEO & CFO

For more information, please contact:

Peter Rosén, Acting 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 Seals), and wheels made of polymer materials for truck and castor wheel applications (Wheels). Customers are primarily system suppliers to the global automotive and engineering industry, building and construction industry and within sectors as transportation, energy, consumer and cable industry and manufacturers of medical equipment, plate heat exchangers and forklifts. The Group is organized in two business areas, HEXPOL Compounding and HEXPOL Engineered Products. The HEXPOL Group’s sales in 2022 amounted to 22,243 MSEK and the Group has approximately 5,000 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 01:00 p.m. CET on October 27 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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