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Year-end report 2017

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Fourth quarter 2017 – Increased sales and strong result

  • Sales increased 6 per cent to 2,926 MSEK (2,753).
  • Operating profit amounted to 467 MSEK (484).
  • Operating margin amounted to 16.0 per cent (17.6).
  • Profit after tax amounted to 449 MSEK (374) and excl. non-recurring effects to 345 MSEK.
  • Non-recurring effects of the US tax reform amounted to 104 MSEK.
  • Earnings per share amounted to 1.31 SEK (1.09) and excl. non-recurring effects to1.00 SEK.
  • Operating cash flow increased to 609 MSEK (567).

Full year 2017 – Increased sales and improved result

  • Sales increased 12 per cent to 12,230 MSEK (10,879).
  • Operating profit increased 3 per cent to 1,986 MSEK (1,921).
  • Operating margin amounted to 16.2 per cent (17.7).
  • Profit after tax rose to 1,527 MSEK (1,397) and excl. non-recurring effects to 1,423 MSEK.
  • Non-recurring effects of the US tax reform amounted to 104 MSEK.
  • Earnings per share increased to 4.44 SEK (4.06) and excl. non-recurring effects to 4.13 SEK.
  • Operating cash flow amounted to 2,001 MSEK (2,057).
  • Mikael Fryklund appointed President and CEO, started July 1.
  • In early April, Valley Processing, a well-known US Rubber Compounder, was acquired.
  • March 31, Trelleborg’s Rubber Compounding unit in Czech Republic, a well-known Rubber Compounder in Central Europe, was acquired.
  • The Board of Directors proposes a dividend of 1.95 SEK per share (4.75 SEK incl. a special dividend of 3.00 SEK). 

President’s comments

“The fourth quarter of 2017 was another strong quarter. The sales increased 6 per cent to 2,926 MSEK and the volume development was positive. During the quarter, the prices on our main raw materials have been stable and the price pressure continued strong. The sales to automotive related customers were still good and improved to customers within engineering and general industry as well as the construction industry. Currency effects had a negative impact on both sales and operating profit. Earnings per share amounted to 1.31 SEK (1.09). The operating cash flow was strong and amounted to 609 MSEK.

The full year 2017 was the best year so far with increased sales of 12 per cent and improved result. During the year two well-known Rubber Compounders were acquired, Trelleborg’s Rubber Compounding unit in Czech Republic, and Valley Processing in the US. Our financial position remains strong and we are well equipped for further expansion.”

Mikael Fryklund, President and CEO

For more information, please contact:

Mikael Fryklund, President and CEO
Tel: +46 (0)40 25 46 61

Karin Gunnarsson, Chief Financial Officer/ Investor Relations Manager
Tel: +46 (0)705 55 47 32

HEXPOL is a world-leading polymers group with strong global positions in advanced polymer compounds (Compounding), gaskets for plate heat exchangers (Gaskets), and plastic and rubber 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 2017 amounted to 12,230 MSEK. The HEXPOL Group has approximately 4,400 employees in eleven 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 08:00 a.m. CET on February 2, 2018. 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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