Half year report January - June 2017
Second quarter 2017 - Increased sales and higher profit
- Sales increased 23 per cent to 3,230 MSEK (2,627).
- Operating profit increased 11 per cent to 517 MSEK (465).
- Operating margin amounted to 16.0 per cent (17.7).
- Profit after tax rose to 366 MSEK (329).
- Earnings per share increased 10 per cent to 1.06 SEK (0.96).
- Operating cash flow amounted to 423 MSEK (580).
- In early April, Valley Processing, a well- known US Rubber Compounder, was acquired.
- Sales increased 18 per cent to 6,368 MSEK (5,384).
- Operating profit increased 9 per cent to 1,049 MSEK (962).
- Operating margin amounted to 16.5 per cent (17.9).
- Profit after tax rose to 745 MSEK (684).
- Earnings per share increased 9 per cent to 2.16 SEK (1.99).
- Operating cash flow amounted to 858 MSEK (905).
- Mikael Fryklund appointed president and CEO, started July 1.
- March 31, Trelleborg's Rubber Compounding unit in Czech Republic, a well-known Rubber Compounder in Central Europe, was acquired.
President's comments
"I am happy to present my first interim report as president and CEO for HEXPOL. The second quarter of 2017 was another strong quarter. The Sales increased 23 per cent 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 on all markets. Earnings per share increased 10 per cent.
At the end of March, Trelleborg's Rubber Compounding unit in Czech Republic, a well-known Rubber Compounder in Central Europe, was acquired. In early April, Valley Processing, a well-known US Rubber Compounder, was acquired.
The first half-year was strong. The Sales increased 18 per cent and earnings per share increased 9 per cent. 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)40 25 46 64