Hexpol advances Q2 sales and earning
Stockholm – Hexpol AB has posted an 11% year-on-year increase in operating profit to SEK517 million, on second quarter sales 23% higher at SEK3,230 million (€338 million).
Higher volumes helped sales to grow 6% in the quarter, after adjustments for currency and acquisitions. Raw materials were slightly above the prior-year quarter levels, while price-pressure "continued strong" on all markets, Hexpol reported 19 July.
The first half-year was also strong, with sales up 18% and earnings per share 9% higher, Fryklund adding: “Our financial position remains strong and we are well equipped for further expansion."
Fryklund went on to highlight Hexpol’s recent acquisitions, including Trelleborg's rubber compounding unit in the Czech Republic, and US rubber compounder Valley Processing.
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