Profit up 25% at Hexpol on sales of Euro 305m

ERJ staff report (LMH)

Malmo, Sweden - Hexpol has reported that its second quarter 2012 sales grew by 19 percent to SEK 2121 (Euro 305 million). Operating profit for the same period increased by 25 per cent to SEK 287 million. Operating margin in Q2 was 13.5 percent.

In the first half of the year, sales rose 20 percent to SEK 4263 million. Operating margin increased by 27 percent, reaching SEK 559 million, and the operating margin improved to 13.1 per cent.

"Second quarter earnings marked a record for the Hexpol Group so far. We also raised our operating margin thanks to favourable efficiency in our units. Sales in NAFTA remained strong, particularly in Mexico. Europe again displayed a mixed picture; however, most of our sales derive from Central and Eastern Europe, where sales were stable compared with the preceding quarter,” commented Georg Brunstam, President and CEO.

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Press release from Hexpol