Stockholm – Hexpol AB is still in expansion mode, new president and CEO Mikael Fryklund has signalled, following a strong set of interim financial results.
The Swedish group 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.