Double-digit profit for Hexpol leads to improved margins
ERJ staff report (LMH)
Hexpol, Sweden - Polymer compounding group Hexpol AG has reported continued growth with strong margins following its best-ever quarter at the beginning of 2012.
Sales in the third quarter ended 30 Sept 2012 rose 7 per cent to SEK 1980 million (Euro 230 million), while operating profit jumped by 19 percent to SEK 280 million. The operating margin was up by 14.1 per cent.
For the nine months ended 30 Sept 2012, Hexpol, which is the world's largest rubber compounder, reported a 16-percent increase in sales to SEK 6243 million. Operating profit increased strongly by 24 percent to SEK 839 million, and the operating margin improved to 13.4 percent.
“The third quarter of 2012 was another very strong quarter for the Hexpol Group. Our earnings per share rose strongly to SEK 5.58 SEK, up 16 per cent. Sales rose slightly more than 7 percent thanks to continued strong growth in NAFTA, while Europe displayed declining sales,†commented president and ceo Georg Brunstam.
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
News release from Hexpol
This article is only available to subscribers - subscribe today
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
- Every issue of European Rubber Journal (6 issues) including Special Reports & Maps.
- Unlimited access to ERJ articles online
- Daily email newsletter – the latest news direct to your inbox
- Access to the ERJ online archive