STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:
Third quarter 2016 – Positive volume development and continued strong result
· Sales amounted to 2,742 MSEK (2,772).
· Operating profit amounted to 475 MSEK (505).
· Operating margin amounted to 17.3 per cent (18.2).
· Profit after tax amounted to 339 MSEK (358).
· Earnings per share amounted to 0.98 SEK (1.04).
· Operating cash flow rose to 585 MSEK (503).
Jan-Sep 2016 – Positive volume development and continued strong result
· Sales amounted to 8,126 MSEK (8,633).
· Operating profit amounted to 1,437 MSEK (1,508).
· Operating margin increased to 17.7 per cent (17.5). ·
Profit after tax amounted to 1,023 MSEK (1,067).
· Earnings per share amounted to 2.97 SEK (3.10).
· Operating cash flow amounted to 1,490 MSEK (1,623).
· In the beginning of June, Berwin Group, a leading Rubber Compounder in the UK market, was acquired.
President’s comments
“The third quarter of 2016 was a quarter with higher volumes and continued strong result. The Group sales amounted to 2,742 MSEK and the operating margin amounted to 17.3 per cent. The operating margin was negatively affected by the lower operating margin in the acquired Berwin Group, adjusted for the acquisition the operating margin was in line with the second quarter. The operating cash flow was once again strong, 585 MSEK. The volumes were higher compared with the corresponding year-earlier period, with continued strong volumes to automotive related customers. Sales have once again been negatively affected by considerably lower sales prices due to considerably lower raw material prices than the corresponding year-earlier period. Price pressure was continued strong on all markets.
During January-September, the volume development was positive with continued strong result. In the beginning of June, Berwin Group, a leading UK Rubber Compounder, was acquired. Our financial position remains very strong and with a net cash of 759 MSEK, we are well equipped for further expansion.“
Georg Brunstam, President and CEO
HEXPOL is a world-leading polymers group with strong global market positions in advanced polymer compounds (Compounding), gaskets for plate heat exchangers (Gaskets), and wheels made of plastic and rubber materials for truck and castor wheel applications (Wheels). Customers are primarily system suppliers to the global automotive and engineering industry, the construction sector, 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 2015 amounted to 11,229 MSEK. The HEXPOL Group has approximately 4,100 employees in eleven countries. Further information is available at www.hexpol.com.
This information is information that HEXPOL AB 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 8:00 a.m. CET on October 27, 2016. 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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