Half-year report January – June 2012
Publicerad 2012-07-19 12:00
Second quarter of 2012 – Continued high growth with strong and further improved margins
- Sales rose 19 per cent to 2,121 MSEK (1,776).
- Operating profit increased strongly by 25 per cent to 287 MSEK (230).
- Operating margin improved to 13.5 per cent (13.0).
- Profit after tax rose to 194 MSEK (158).
- Earnings per share increased to 5.63 SEK (4.58).
- Operating cash flow was strong, amounting to 351 MSEK (201).
First half of 2012 – Continued high growth with strong and improved margins
- Sales rose 20 per cent to 4,263 MSEK (3,562).
- Operating margin increased sharply by 27 per cent till 559 MSEK (440).
- Operating margin improved to 13.1 per cent (12.4).
- Profit after tax increased to 375 MSEK (297).
- Earnings per share rose to 10.89 SEK (9.30). The increase was 26 per cent compared with the year-earlier period (8.63 SEK) based on the actual number of shares following the new issue in March 2011.
- Operating cash flow was strong, increasing to 591 MSEK (344).
President’s comments
"Second quarter earnings marked a record for the HEXPOL Group so far. Growth remained high with a sales increase of 19 per cent to 2,121 MSEK (1,776). We also raised our operating margin thanks to favourable efficiency in our units. Sales in NAFTA remained strong, particularly in Mexico. Europe again displayed a mixed picture; however, most of our sales derive from Central and Eastern Europe, where sales were stable compared with the preceding quarter. Operating profit increased sharply to 287 MSEK (230), up 25 per cent. Once again the operating cash flow was strong, totalling 351 MSEK (201), an increase of 75 per cent. Earnings per share were 5.63 SEK (4.58), up 23 per cent.
Growth and profit trends during the first half-year were strong. HEXPOL’s earnings per share rose to 10.89 SEK (8.63), based on the actual number of shares following the new share issue in March 2011. Operating cash flow was again strong, while we also improved our operating margins.”
Georg Brunstam, President and CEO
For further information, contact:
Georg Brunstam, President and CEO
Tel: 46 708 55 12 51
Urban Ottosson, CFO/ Investor Relations
Tel: 46 767 85 51 44
HEXPOL is a world-leading polymers group with strong global positions in advanced polymer compounds (Compounding), gaskets for plate heat exchangers (Gaskets) and wheels made of plastic and rubber materials for truck and castor wheel application (Wheels).Customers are primarily OEM manufacturers of plate heat exchangers and trucks, global systems suppliers to the automotive industry- and engineering industry and the medical technology industry. The Group is organised in two business areas, HEXPOL Compounding and HEXPOL Engineered Products. HEXPOL's sales in 2011 amounted to 7,197 MSEK. The HEXPOL Group has approximately 3,100 employees in ten countries. Read more at www.hexpol.com.
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Half-year report January - June 2012
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