Hexpol 2010 results show strong growth, bigger margins

ERJ staff report (DS)

Stockholm – International compounding group Hexpol AB has reported much stronger sales and margins in the last quarter and full year of 2010.

In the final quarter, the company reported net sales up by 61 percent to 1,132 MSEK (euro 129 million) ( previously 703 MSEK). Operating profit, excluding exceptional items, jumped 71 percent to 137 MSEK (previously 80). Operating margin increased to 12.1 percent, from 11.4 percent.

For the full year, Hexpol said net sales increased by 46 percent to 3,798 MSEK (euro…