HEXPOL's Annual Report for 2017 published
HEXPOL’s Annual Report for 2017 has today been published on our website www.hexpol.com.
In the “CEO comments”, Mikael Fryklund, President and CEO, summarizes:
- 2017 was our best year to date, with a sales increase of 12 percent and improved earnings. We improved our market positions in our principal markets and we further improved our operating profit. Our strategy of both organic and acquired growth in our existing areas, combined with strong cash flow, is successful and stands firm.
- Our strategy with growth primarily in the Polymer Compounding area is unchanged, and in 2017, we acquired two new rubber Compounding operations. The acquisition of Trelleborg’s Rubber Compounding unit in Lesina in the Czech Republic, which was implemented in March 2017, strengthens our position in Eastern Europe and our competencies in compounds for injection moulding, and provides us with access to new global customers who are world leaders in their field. In April 2017, we acquired the well-known US Rubber Compounder, Valley Processing, which strengthens our presence in western USA. These acquisitions are operations that are well known in the market and we have been monitoring for some time. Our opportunities for successful acquisitions are increased by having a well-thought-out and proven integration plan and by always acquiring in known areas.
In the Annual Report HEXPOL Group present, as previously, the work and results in the sustainability area.
For further information, please contact:
Karin Gunnarsson, CFO/IR
+46 (0)705 55 47 32