HEXPOL Interim Report January - September 2021

JULY - SEPTEMBER 2021

• Sales increased by 23 percent and amounted to 4,108 MSEK (3,328).
• EBIT increased by 86 percent to 1,105 MSEK (593).
• EBIT-margin increased to 26.9 percent (17.8).
• Adjusted EBIT (excl. non-recurring items) increased by 14 percent to 677 MSEK (593).
• Adjusted EBIT-margin (excl. non-recurring items) amounted to 16.5 percent (17.8).
• Profit after tax increased to 841 MSEK (426).
• Earnings per share increased by 97 percent to 2.44 SEK (1.24).
• Operating cash flow amounted to 412 MSEK (773).
• Non-recurring items, before tax, amounted to 428 MSEK (0), mainly related to the insurance settlement after the fire in one of our production units in the USA earlier this year.

JANUARY - SEPTEMBER 2021

• Sales increased by 19 percent and amounted to 11,920 MSEK (10,022).
• EBIT increased by 93 percent to 2,537 MSEK (1,313).
• EBIT-margin increased to 21.3 percent (13.1).
• Adjusted EBIT (excl. non-recurring items) increased by 52 percent to 2,109 MSEK (1,389).
• Adjusted EBIT-margin (excl. non-recurring items) increased to 17.7 percent (13.9).
• Profit after tax increased to 1,912 MSEK (953).
• Earnings per share increased by 100 percent to 5.55 SEK (2.77).
• Operating cash flow amounted to 1,435 MSEK (1,525).
• Non-recurring items, before tax, amounted to 428 MSEK (negative 76), mainly related to the insurance settlement after the fire in one of our production units in the USA earlier this year.

 Strong sales growth in a challenging market situation 
We delivered a strong organic sales growth of 19 percent compared with the corresponding quarter last year, driven by good sales in all markets and product areas. This is despite many disturbances during the quarter in the form of production stoppages at automotive customers, global transport problems and raw material shortages. Operating profit for the quarter amounted to 1,105 MSEK (593) which includes non-recurring items of 428 MSEK, mainly related to the insurance settlement after the fire in one of our production units in the USA earlier this year. Adjusted EBIT amounted to 677 MSEK (593), which corresponds to a margin of 16.5 percent (17.8).

We again experience that our strong customer focus combined with our ability to offer fast and stable deliveries to our customers are appreciated when the uncertainty is so high around the world. Our large geographical coverage with plants close to our customers is a clear competitive advantage.