Georg Brunstam, President and CEO of Hexpol, commented:“During the first half of 2015, we have continued to improve our market positions and the integration of the acquired units was completed according to plan. Our financial position remains very strong and with a net debt of 313 MSEK, we are well equipped for continued expansion. At the beginning of the year, the acquisition of Rhetech Thermoplastic Compounding, a leading provider of thermoplastic compounds, was finalized and the business has developed according to plan.“
The company further reported the operating margin increased to 17.1 per cent and profit after tax increased 36 per cent to 709 MSEK (€ 75,1m). Integration of units acquired in 2014/2015 (Kardoes, Vigar Rubber Compounding, Portage Precision Polymers and Rhetech Thermoplastic Compounding) was completed according to plan. Operating cash flow increased to 1,120 MSEK (€ 118,6m).
Weblink
Hexpol‘s half-year report, January-June 2015, in more detail – please click here (pdf file).
(dw)
