Year-end report 2023

OCTOBER – DECEMBER 2023

• Sales amounted to 4,868 MSEK (5,495).
• Adjusted EBIT (excl. non-recurring items) increased by 3 percent to 838 MSEK (811).
• Adjusted EBIT-margin (excl. non-recurring items) amounted to 17.2 percent (14.8).
• EBIT decreased by 10 percent and amounted to 755 MSEK (841).
• EBIT-margin increased to 15.5 percent (15.3).
• Profit after tax amounted to 507 MSEK (624).
• Earnings per share amounted to 1.47 SEK (1.81).
• Operating cash flow increased to 1,390 MSEK (1,366).
• Non-recurring items amounted to an expense of 83 MSEK (income 30) before tax.
• Klas Dahlberg has been appointed new President and CEO of HEXPOL. He will start 1 July 2024 at the latest.

JANUARY – DECEMBER 2023

• Sales amounted to 22,046 MSEK (22,243).
• Adjusted EBIT (excl. non-recurring items) increased by 12 percent to 3,659 MSEK (3,260).
• Adjusted EBIT-margin (excl. non-recurring items) amounted to 16.6 percent (14.7).
• EBIT increased by 9 percent and amounted to 3,576 MSEK (3,290).
• EBIT-margin amounted to 16.2 percent (14.8).
• Profit after tax increased by 2 percent to 2,524 MSEK (2,483).
• Earnings per share amounted to 7.33 SEK (7.21).
• Operating cash flow increased by 42 percent to 3,994 MSEK (2,813).
• Non-recurring items amounted to an expense of 83 MSEK (income 30) before tax.
• The Board of directors propose an ordinary dividend of 4.00 SEK per share (3.60) and an extra dividend of  additional 2.00 SEK per share for 2023, which gives a total proposed dividend of 6.00 SEK per share. At the same time, the dividend policy is raised from 25-50 percent to 40-60 percent of profit after tax.

“Once again, we delivered a strong quarter. Adjusted EBIT amounted to 838 MSEK (811), which in terms of results is our best fourth quarter to date and represents an increase of 3 percent compared with the corresponding quarter previous year. At the same time, the adjusted EBIT margin improved to 17.2 percent (14.8). The sales fell compared with the corresponding quarter previous year affected by lower sales prices and lower demand from customers mainly within building and construction and consumer related products. The operating cash flow is record high in the quarter with 1,390 MSEK (1,366), driven by focused work to reduce inventory levels and accounts receivables.

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.”

Peter Rosén, Acting CEO & CFO

This information is information that HEXPOL AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 01:00 p.m. CET on January 26, 2024. This report has been prepared both in Swedish and English. In case of any divergence in the content of the two versions, the Swedish version shall have precedence.