Higher prices drive Hexpol growth

Malmo – Swedish rubber group Hexpol AB has posted growth in sales and operating profit in the first quarter of 2018, thanks to higher prices and strong automotive sales.

The company reported 5% increase in sales to SEK3.31 billion (€319 million) in the three months to end of March, compared to the same period last year.

Operating profit also rose 1.5% to SEK540 million, the company said in a 24 April statement.

Exchange rate fluctuations affected the overall sales negatively by SEK153 million, mainly due to the strengthening…

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