Hexpol reports improved results in first half

Malmo, Sweden – Hexpol AB has reported 3% year-on-year growth in operating profit to SEK1.13 million (€108 million) in the first half of 2019, on 11% higher sales of SEK 7.5 million.

Exchange rate fluctuations affected the overall revenue positively by SEK496 million, mainly due to a strengthening of the US dollar, the Swedish rubber group said in a statement 18 July.

Hexpol noted a “continued softening” in demand, mainly from automotive related customers, which led to a negative organic sales development in the three months to…

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