APRIL - JUNE 2024
- Sales amounted to 5,454 MSEK (5,727).
- EBIT amounted to 911 MSEK (945).
- EBIT-margin increased to 16.7 percent (16.5).
- Profit after tax amounted to 654 MSEK (679).
- Earnings per share amounted to 1.90 SEK (1.97).
- Operating cash flow amounted to 926 MSEK (1,048).
JANUARY - JUNE 2024
- Sales amounted to 10,766 MSEK (11,717).
- EBIT amounted to 1,816 MSEK (1,891).
- EBIT-margin increased to 16.9 percent (16.1).
- Profit after tax amounted to 1,308 MSEK (1,347).
- Earnings per share amounted to 3.80 SEK (3.91).
- Operating cash flow amounted to 1,038 MSEK (1,641).
"The second quarter 2024 continues as in the previous quarter with good profitability and high margins. In the quarter, sales amounted to 5,454 MSEK (5,727) and EBIT amounted to 911 MSEK (945). At the same time, we strengthened the EBIT margin to 16.7 percent (16.5) driven by good product and price mix and delivered a return on capital employed of 18.9 percent (18.9). Demand from our customers remains on the same level as we saw during the second half of 2023 and first quarter 2024 and sales prices are also stable.
We believe that our strong customer focus in combination with our geographical closeness to our customers gives us continued opportunities to deal with the disruptions and further strengthen the market position. The strong business model in combination with a clear acquisition strategy and strong financial position give us good conditions for continued growth and acquisitions."
Klas Dahlberg, President and CEO
This press release consists of such information that HEXPOL AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Market Act. The information was submitted for publication, through the agency of the contact person set out above, at 10:00 a.m. CET on July 17 2024. 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:
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 Seals), and wheels made of polymer materials for truck and castor wheel applications (Wheels). Customers are primarily system suppliers to the global automotive and engineering industry, building and construction industry and within sectors as transportation, energy, consumer and cable industry and manufacturers of medical equipment, plate heat exchangers and forklifts. The Group is organized in two business areas, HEXPOL Compounding and HEXPOL Engineered Products. The HEXPOL Group's sales in 2023 amounted to 22,046 MSEK and the Group has approximately 5,000 employees in fourteen countries.
