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Year-end report 2022

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OCTOBER – DECEMBER 2022

  • Sales increased by 35 percent and amounted to 5,495 MSEK (4,085).
  • EBIT increased by 57 percent and amounted to 841 MSEK (537).
  • EBIT-margin amounted to 15.3 percent (13.1).
  • Adjusted EBIT (excl. non-recurring items) increased by 29 percent to 811 MSEK (628).
  • Adjusted EBIT-margin (excl. non-recurring items) amounted to 14.8 percent (15.4).
  • Profit after tax amounted to 624 MSEK (446).
  • Earnings per share amounted to 1.81 SEK (1.29).
  • Operating cash flow amounted to 1,366 MSEK (752 excluding insurance compensation 2021).

JANUARY – DECEMBER 2022

  • Sales increased by 39 percent and amounted to 22,243 MSEK (16,005).
  • EBIT increased by 7 percent and amounted to 3,290 MSEK (3,074).
  • EBIT-margin amounted to 14.8 percent (19.2).
  • Adjusted EBIT (excl. non-recurring items) increased by 19 percent to 3,260 MSEK (2,737).
  • Adjusted EBIT-margin (excl. non-recurring items) amounted to 14.7 percent (17.1).
  • Profit after tax increased to 2,483 MSEK (2,358).
  • Earnings per share increased by 5 percent to 7.21 SEK (6.85).
  • Operating cash flow amounted to 2,813 MSEK (2,731).
  • The Board of Directors propose a dividend of 3.60 SEK per share (3.00) for 2022.

"Once again, we delivered a very strong quarter. Adjusted EBIT amounted to 811 MSEK (628), which in terms of results is our best fourth quarter so far and represents an increase of 29 percent compared with the corresponding quarter previous year. The sales growth for the quarter as a total was strong with an increase of 35 percent compared with the corresponding quarter last year, with good sales in all markets and all product areas. However, at the end of December we saw lower sales compared to the beginning of the quarter affected by inventory reductions at customers and the effects of the extreme winter weather in USA. Despite that, America showed overall a continued strong development. The development for HEXPOL Engineered Products was very strong during the quarter, driven by increased demand for energy saving products. Included in the positive sales development for HEXPOL Group 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 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 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 2022 amounted to 22,243 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 01:00 p.m. CET on January 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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