Interim Report January-March 2021

HIGHLIGHTS JANUARY-MARCH 2021

  • Sales amounted to 3,810 MSEK (4,168).
  • Operating profit increased by 31 percent to 704 MSEK (537).
  • Operating margin increased to 18.5 percent (12.9).
  • Adjusted operating profit (excl. non-recurring items) increased by 20 percent to 704 MSEK (587).
  • Adjusted operating margin (excl. non-recurring items) increased to 18.5 percent (14.1).
  • Profit after tax increased to 534 MSEK (405).
  • Earnings per share increased by 31 percent to 1.55 SEK (1.18). Adjusted earnings per share (excl. non-recurring items) increased by 20 percent to 1.55 SEK (1.29).
  • Operating cash flow amounted to 433 MSEK (527).
  • Non-recurring items, before tax, amounted to net 0 MSEK (50).

"Our volumes and our sales continue to increase compared with both previous quarter and to the first quarter 2020. We saw a strong organic volume growth and increased organic sales in the first quarter 2021 compared to the corresponding quarter 2020, which was a strong quarter. The combination of strong sales and volumes as well as a lower costs base, gave again, our best quarterly result ever. Operating profit for the quarter increased by 20 percent from previous years adjusted EBIT of 587 MSEK to 704 MSEK, which corresponds to a margin of 18.5 percent (14.1). Our strong business model in combination with a clear M&A agenda and strong financial position give us good conditions for continued growth and acquisitions."
Georg Brunstam, President and CEO

 
HEXPOL Interim report January-March 2021

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 2020 amounted to 13,424 MSEK. The HEXPOL Group has approximately 4,600 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 12:00 p.m. CET on 28 April, 2021. 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.

For more information, please contact:

Georg Brunstam, President and CEO
+46 (0)40 25 46 61

Peter Rosén, Vice President and CFO
+46 (0)40 25 46 60