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2016-07-20

HEXPOL: Half year report January-June 2016

Second quarter 2016 - Continued strong margins

· Sales amounted to 2,627 MSEK (2,910).
· Operating profit amounted to 465 MSEK (508).
· Operating margin increased to 17.7 per cent (17.5).
· Profit after tax amounted to 329 MSEK (357).
· Earnings per share amounted to 0.96 SEK (1.04).
· Operating cash flow amounted to 580 MSEK (640).
· In the beginning of June, Berwin Group, a well-known leading
Rubber Compounder in the UK market, was acquired.

First half of 2016 - Stable volume development and continued strong
result

· Sales amounted to 5,384 MSEK (5,861).
· Operating profit amounted to 962 MSEK (1,003).
· Operating margin increased to 17.9 per cent (17.1).
· Profit after tax amounted to 684 MSEK (709).
· Earnings per share amounted to 1.99 SEK (2.06).
· Operating cash flow amounted to 905 MSEK (1,120).

President's comments

"The second quarter of 2016 was a quarter with slightly lower volumes
but with continued strong margins. The Group sales amounted to 2,627
MSEK and the operating margin increased to 17.7 per cent. The
operating cash flow was once again strong. The volumes were slightly
lower compared to the corresponding year-earlier period, but with
continued strong volumes to automotive related customers. Sales have
once again been negatively affected by considerably lower sales
prices due to considerably lower raw material prices than the
corresponding year-earlier period. Price pressure was continued
strong on all markets. During the quarter, Berwin Group, a leading UK
Rubber Compounder, was acquired.

During the first half of 2016, the volume development was stable with
continued strong result. Our financial position remains very strong
and with a net cash of 234 MSEK, we are well equipped for further
expansion."

Georg Brunstam, President and CEO

For more information, please contact:

Georg Brunstam, President and CEO
Tel: 46 708 55 12 51

Karin Gunnarsson, Chief Financial Officer, Investor Relations Manager
Tel: 46 705 55 47 32

HEXPOL is a world-leading polymers group with strong global positions
in advanced polymer compounds (Compounding), gaskets for plate heat
exchangers (Gaskets), and plastic and rubber materials for truck and
castor wheel applications (Wheels). Customers are primarily systems
suppliers to the global automotive and engineering industry,
construction industry, the energy, oil and gas sector, medical
equipment manufacturers and OEM manufacturers of plate heat
exchangers and forklifts. The Group is organised in two business
areas, HEXPOL Compounding and HEXPOL Engineered Products. The HEXPOL
Group's sales in 2015 amounted to 11,229 MSEK. The HEXPOL Group has
approximately 4,100 employees in eleven countries. Further
information is available at www.hexpol.com.

This press release consists of such information that HEXPOL AB (publ)
is obliged to make public pursuant to the EU Market Abuse Regulation
and the Securities Market Act. The information was submitted for
publication, through the agency of the contact person set out above,
at 11:00 a.m. CET on July 20, 2016. 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.

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http://news.cision.com/hexpol/r/half-year-report-january-june-2016,c2046922
http://mb.cision.com/Main/1100/2046922/542133.pdf

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