Year-end report 2011

 | Quelle: HEXPOL AB HEXPOL AB 

Year-end report 2011

 

Fourth Quarter 2011 – Continued sharp growth with strong and stable margins

  · Net sales increased sharply by 58 per cent to 1,792 MSEK (1,132).
  · Operating profit increased 61 per cent to 220 MSEK (137*).
  · The operating margin amounted to 12.3 per cent (12.1*).
  · Profit after tax increased strongly to 157 MSEK (98*).
  · Earnings per share rose strongly to 4.55 SEK (3.34*).
  · Operating cash flow was very strong, amounting to 363 MSEK (227).
  · Agreement signed for the acquisition of the German TPE compounding company
Müller Kunststoffe, which was completed in January 2012.

Full-year 2011 – Sharp growth with strong margins and improved market positions

  · Net sales increased 89 per cent to 7,197 MSEK (3,798).
  · Operating profit rose 95 per cent to 895 MSEK (460*).
  · The operating margin increased to 12.4 per cent (12.1*).
  · Profit after tax increased strongly to 619 MSEK (318*).
  · Earnings per share rose 72 per cent to 18.65 SEK (10.83*). Earnings per
share, based on the number of shares at year-end, totalled 17.98 SEK.
  · Operating cash flow rose strongly to 911 MSEK (506).
  · The Board of directors proposes a dividend of 5.00 SEK per share (3.00).

President’s comments

“The fourth quarter was another strong quarter for the HEXPOL Group. We
continued our strong growth with strong and stable margins. The Group’s net
sales rose 58 per cent, of which 15 per cent was organic. Net sales were strong
in all markets, particularly in NAFTA, Eastern Europe and Asia. Our operating
cash flow remained strong amounting to 363 MSEK (227).

In January 2012, we finalised the acquisition of the German TPE compounding
company Müller Kunststoffe, thus continuing our expansion within Compounding and
enabling us to create a strong European TPE compounding business, while
simultaneously starting up production in Southern China in the same product
area.

Our earnings for 2011 were the Group’s best so far. We increased sales by a full
89 per cent to 7,197 MSEK (3,798). We also strengthened our market positions and
experienced a significant increase in net sales in emerging markets. Our
operating profit rose 95 per cent to 895 MSEK (460*) and operating cash flow was
very strong and amounted to 911 MSEK (506). Earnings per share increased 72 per
cent to 18.65 SEK (10.83*).”

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

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