Analysis: Hexpol signals more expansions after strong Q2

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.

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