Hexpol sales increase 41% in second quarter 

Malmo, Sweden – Hexpol has reported a 41% year-on-year increase in second quarter sales, to SEK5,654 million (€534 million) and earnings (EBIT) up 15% to SEK836 million.

The results for the three months to 30 June, left second-half sales 39% higher at SEK10,827 million and EBIT up 13% to SEK1,611 million. 

Hexpol continued to handle raw material shortages, transport problems and higher raw materials and energy costs, president and CEO Georg Brunstam said of the second quarter showing. 

“Once again, we delivered a very strong quarter,”  commented Brunstam, noting “good sales in all markets and all product areas.” 

The Americas region, he said, showed “particularly strong development while sales to automotive-related customers remained pending. 

Hexpol’s second quarter figures equated to a margin 3.4-point lower than a year ago, at 14.8%. The first-half EBIT-margin came in at 14.9%, compared to the prior-year 18.3%.

“Included in the positive sales development are effects from acquisitions, positive currency effects and increased sales prices,” noted Hexpol’s 15 July results statement.

Leader Brunstam went on to reiterate previously made comments about Hexpol’s preparedness for recovery in vehicle production as well as the group’s continued focus on potential acquisitions.