Half-year report January – June 2023
APRIL – JUNE 2023
- Sales amounted to 5,727 MSEK (5,654).
- EBIT increased by 13 percent and amounted to 945 MSEK (836).
- EBIT-margin amounted to 16.5 percent (14.8).
- Profit after tax amounted to 679 MSEK (644).
- Earnings per share amounted to 1.97 SEK (1.87).
- Operating cash flow increased to 1,048 MSEK (642).
JANUARY – JUNE 2023
- Sales increased by 8 percent and amounted to 11,717 MSEK (10,827).
- EBIT increased by 17 percent and amounted to 1,891 MSEK (1,611).
- EBIT-margin amounted to 16.1 percent (14.9).
- Profit after tax amounted to 1,347 MSEK (1,244).
- Earnings per share amounted to 3.91 SEK (3.61).
- Operating cash flow increased to 1,641 MSEK (745).
"Once again, we delivered a very strong quarter. EBIT amounted to 945 MSEK (836), which in terms of results is our best second quarter to date and represents an increase of 13 percent compared with the corresponding quarter previous year. At the same time, the EBIT margin improved to 16.5 percent (14.8). Our sales prices are lower compared to both the first quarter this year and compared to the corresponding quarter previous year as a result of lower prices on our main raw materials. The sales for the quarter as a total was in line with the corresponding quarter previous year. Included in the sales for HEXPOL Group are positive effects from acquisitions and positive currency effects. The operating cashflow was strong in the quarter with 1,048 MSEK (642).
We believe that our strong customer focus in combination with our geographical closeness to our customers gives us continued opportunities to deal with the disruptions and further strengthen the market position. The strong business model in combination with a clear acquisition strategy and strong financial position give us good conditions for continued growth and acquisitions."
Georg Brunstam, President and CEO
