Income Statement HEXPOL AB

Equities

HPOL B

SE0007074281

Specialty Chemicals

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77.75 ^SEK	+0.58%		+2.71%	-11.60%

Apr. 14	Nibe proposes election of Henrik Elmin to the Board of Directors	FW
Apr. 10	Positive finish to Friday caps strong week for Stockholm, OMXS30 index gains 1 percent	FW

5577f569dd337b8b2096c2e3fe1f.e34PmnRonfvV6qlnRbMZ4CTP_ZsGzTcGlRn-GyFtFWM.ThNMyhwq7Mysv-YFcuR81UaFq61ltH4y-3SVek0qUTozPF2jIiXLiLiE_A

Published financial data: HEXPOL AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	16B	22.24B	22.05B	20.44B	19.32B
Total Revenues	16B	22.24B	22.05B	20.44B	19.32B
Cost of Goods Sold, Total	12.5B	17.9B	17.19B	16.05B	15.26B
Gross Profit	3.5B	4.34B	4.86B	4.38B	4.06B
Selling General & Admin Expenses, Total	698M	957M	1.1B	1.03B	1.17B
R&D Expenses	111M	137M	152M	136M	148M
Other Operating Expenses	-670M	-21M	-53M	-41M	-47M
Other Operating Expenses, Total	139M	1.07B	1.2B	1.12B	1.27B
Operating Income	3.36B	3.27B	3.66B	3.26B	2.8B
Interest Expense, Total	-43M	-97M	-231M	-229M	-198M
Interest And Investment Income	2M	23M	69M	79M	66M
Net Interest Expenses	-41M	-74M	-162M	-150M	-132M
Currency Exchange Gains (Loss)	5M	36M	-51M	-16M	15M
Other Non Operating Income (Expenses)	-7M	-8M	-17M	-5M	-21M
EBT, Excl. Unusual Items	3.32B	3.22B	3.44B	3.09B	2.66B
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-11M	-6M	-14M	-4M
Other Unusual Items	-291M	30M	-83M	-75M	-
EBT, Incl. Unusual Items	3.03B	3.24B	3.35B	3B	2.65B
Income Tax Expense	673M	761M	822M	781M	710M
Earnings From Continuing Operations	2.36B	2.48B	2.52B	2.22B	1.94B
Net Income to Company	2.36B	2.48B	2.52B	2.22B	1.94B
Net Income - (IS)	2.36B	2.48B	2.52B	2.22B	1.94B
Net Income to Common Incl Extra Items	2.36B	2.48B	2.52B	2.22B	1.94B
Net Income to Common Excl. Extra Items	2.36B	2.48B	2.52B	2.22B	1.94B
Per Share Items
Net EPS - Basic	6.85	7.21	7.33	6.45	5.64
Basic EPS - Continuing Operations	6.85	7.21	7.33	6.45	5.64
Basic Weighted Average Shares Outstanding	344M	344M	344M	344M	344M
Net EPS - Diluted	6.85	7.21	7.33	6.45	5.64
Diluted EPS - Continuing Operations	6.85	7.21	7.33	6.45	5.64
Diluted Weighted Average Shares Outstanding	344M	344M	344M	344M	344M
Normalized Basic EPS	6.03	5.85	6.23	5.61	4.82
Normalized Diluted EPS	6.03	5.85	6.23	5.61	4.82
Dividend Per Share	3	3.6	4	4.2	4.2
Payout Ratio	33.59	41.62	49.29	62.16	74.58
Supplemental Items
EBITDA	3.67B	3.67B	4.13B	3.76B	3.28B
EBITA	3.44B	3.37B	3.79B	3.4B	2.94B
EBIT	3.36B	3.27B	3.66B	3.26B	2.8B
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	22.2	23.46	24.57	26.02	26.76
Total Current Taxes	682M	701M	799M	706M	599M
Total Deferred Taxes	-9M	60M	23M	75M	111M
Normalized Net Income	2.08B	2.02B	2.15B	1.93B	1.66B
Interest on Long-Term Debt	12M	13M	17M	21M	20M
Non-Cash Pension Expense	2M	2M	1M	-7M	-2M
Supplemental Operating Expense Items
Selling and Marketing Expenses	119M	216M	243M	236M	236M
General and Administrative Expenses	579M	741M	853M	793M	932M
Research And Development Expense From Footnotes	111M	137M	152M	136M	148M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.32B	1.54B	1.1B	1.23B	1.14B
Total Cash And Short Term Investments	1.32B	1.54B	1.1B	1.23B	1.14B
Accounts Receivable, Total	2.4B	3.08B	2.58B	2.67B	2.42B
Other Receivables	212M	384M	552M	495M	665M
Total Receivables	2.61B	3.46B	3.13B	3.17B	3.09B
Inventory	1.74B	2.45B	2.09B	2.22B	1.86B
Prepaid Expenses	55M	77M	82M	91M	94M
Total Current Assets	5.73B	7.53B	6.4B	6.72B	6.18B
Gross Property Plant And Equipment	6.67B	8.11B	8.45B	9.05B	8.48B
Accumulated Depreciation	-4.24B	-4.88B	-4.95B	-5.27B	-4.85B
Net Property Plant And Equipment	2.43B	3.23B	3.5B	3.78B	3.63B
Long-term Investments	-	-	-	-	-
Goodwill	9.09B	11.89B	11.67B	13.5B	12.23B
Other Intangibles, Total	637M	785M	832M	788M	807M
Deferred Tax Assets Long-Term	79M	102M	97M	99M	106M
Other Long-Term Assets, Total	3M	7M	5M	5M	5M
Total Assets	17.96B	23.55B	22.51B	24.88B	22.96B
Liabilities
Accounts Payable, Total	2.43B	3.11B	2.74B	2.56B	2.24B
Accrued Expenses, Total	561M	657M	664M	839M	648M
Short-term Borrowings	-	1.52B	1.88B	2.99B	3.91B
Current Portion of Long-Term Debt	1.83B	951M	1M	-	-
Current Portion of Leases	95M	100M	117M	134M	90M
Current Income Taxes Payable	267M	252M	339M	194M	106M
Other Current Liabilities	106M	132M	184M	538M	149M
Total Current Liabilities	5.29B	6.72B	5.92B	7.25B	7.14B
Long-Term Debt	1M	1.49B	350M	-	-
Long-Term Leases	300M	328M	335M	350M	338M
Pension & Other Post Retirement Benefits	66M	68M	69M	62M	60M
Deferred Tax Liability Non Current	602M	825M	832M	966M	985M
Other Non Current Liabilities	58M	348M	422M	310M	421M
Total Liabilities	6.31B	9.79B	7.93B	8.94B	8.94B
Common Stock, Total	69M	69M	69M	69M	69M
Additional Paid In Capital	619M	619M	619M	619M	619M
Retained Earnings	9.42B	9.83B	11.11B	11.26B	11.76B
Comprehensive Income and Other	1.55B	3.25B	2.78B	4B	1.58B
Total Common Equity	11.65B	13.77B	14.58B	15.94B	14.02B
Total Equity	11.65B	13.77B	14.58B	15.94B	14.02B
Total Liabilities And Equity	17.96B	23.55B	22.51B	24.88B	22.96B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	344M	344M	344M	344M	344M
ECS Total Common Shares Outstanding	344M	344M	344M	344M	344M
Book Value / Share	33.82	39.97	42.32	46.29	40.71
Tangible Book Value	1.93B	1.09B	2.08B	1.66B	983M
Tangible Book Value Per Share	5.59	3.16	6.03	4.82	2.85
Total Debt	2.22B	4.39B	2.68B	3.47B	4.33B
Net Debt	902M	2.85B	1.58B	2.24B	3.19B
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	1.3B	1.67B	1.33B	1.38B	1.08B
Inventories - Work In Process, Total	70M	154M	193M	161M	154M
Inventories - Finished Goods, Total	369M	631M	573M	683M	622M
Land - (BS)	1.29B	1.65B	1.78B	1.9B	1.88B
Machinery, Total	5.04B	6.1B	6.28B	6.71B	6.22B
Full Time Employees	4.77K	5.08K	5.06K	4.96K	4.91K
Accumulated Allowance for Doubtful Accounts (Supple)	39M	42M	44M	36M	30M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	2.36B	2.48B	2.52B	2.22B	1.94B
Depreciation & Amortization - CF	309M	389M	418M	448M	431M
Amortization of Goodwill and Intangible Assets - (CF)	75M	98M	128M	137M	142M
Depreciation & Amortization, Total	384M	487M	546M	585M	573M
Asset Writedown & Restructuring Costs	87M	5M	-2M	3M	-
Other Operating Activities, Total	87M	-72M	-101M	26M	-177M
Change In Accounts Receivable	-	-474M	827M	194M	181M
Change in Other Net Operating Assets	-510M	164M	-269M	-332M	-202M
Cash from Operations	2.41B	2.59B	3.52B	2.7B	2.32B
Capital Expenditure	-293M	-652M	-675M	-594M	-542M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-558M	-1.51B	-211M	-895M	-967M
Sale (Purchase) of Intangible assets	-11M	-7M	-9M	-16M	-12M
Cash from Investing	-862M	-2.17B	-895M	-1.5B	-1.52B
Long-Term Debt Issued, Total	1.95B	2.58B	492M	1.21B	917M
Total Debt Issued	1.95B	2.58B	492M	1.21B	917M
Long-Term Debt Repaid, Total	-2.53B	-405M	-2.2B	-423M	-104M
Total Debt Repaid	-2.53B	-405M	-2.2B	-423M	-104M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-792M	-1.03B	-1.24B	-1.38B	-1.45B
Common & Preferred Stock Dividends Paid	-792M	-1.03B	-1.24B	-1.38B	-1.45B
Special Dividend Paid	-	-1.03B	-	-690M	-
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-1.37B	104M	-2.95B	-1.28B	-636M
Foreign Exchange Rate Adjustments	-58M	-305M	-114M	219M	-249M
Net Change in Cash	120M	221M	-438M	130M	-88M
Supplemental Items
Cash Interest Paid	81M	129M	317M	278M	256M
Cash Income Tax Paid (Refund)	579M	839M	904M	751M	901M
Levered Free Cash Flow	1.65B	1.01B	2.47B	1.89B	1.1B
Unlevered Free Cash Flow	1.68B	1.07B	2.62B	2.03B	1.22B
Change In Net Working Capital	507M	799M	-464M	-21M	541M
Net Debt Issued / Repaid	-574M	2.17B	-1.71B	790M	813M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	12.73	9.85	9.95	8.6	7.3
Return on Total Capital	16.3	12.76	12.93	11.11	9.25
Return On Equity %	22.69	19.54	17.81	14.55	12.97
Return on Common Equity	22.69	19.54	17.81	14.55	12.97
Margin Analysis
Gross Profit Margin %	21.89	19.53	22.04	21.46	21.03
SG&A Margin	4.36	4.3	4.97	5.03	6.04
EBITDA Margin %	22.91	16.51	18.73	18.38	16.98
EBITA Margin %	21.49	15.15	17.2	16.63	15.2
EBIT Margin %	21.02	14.71	16.62	15.96	14.46
Income From Continuing Operations Margin %	14.73	11.16	11.45	10.86	10.05
Net Income Margin %	14.73	11.16	11.45	10.86	10.05
Net Avail. For Common Margin %	14.73	11.16	11.45	10.86	10.05
Normalized Net Income Margin	12.97	9.06	9.74	9.45	8.59
Levered Free Cash Flow Margin	10.3	4.55	11.21	9.25	5.7
Unlevered Free Cash Flow Margin	10.47	4.83	11.87	9.95	6.34
Asset Turnover
Asset Turnover	0.97	1.07	0.96	0.86	0.81
Fixed Assets Turnover	6.82	7.86	6.55	5.62	5.22
Receivables Turnover (Average Receivables)	7.72	8.12	7.8	7.79	7.59
Inventory Turnover (Average Inventory)	8.83	8.54	7.56	7.44	7.48
Short Term Liquidity
Current Ratio	1.08	1.12	1.08	0.93	0.87
Quick Ratio	0.74	0.74	0.71	0.61	0.59
Operating Cash Flow to Current Liabilities	0.46	0.39	0.6	0.37	0.32
Days Sales Outstanding (Average Receivables)	47.26	44.95	46.8	47	48.12
Days Outstanding Inventory (Average Inventory)	41.36	42.75	48.27	49.2	48.81
Average Days Payable Outstanding	58.68	54.34	63.44	59.86	58.75
Cash Conversion Cycle (Average Days)	29.94	33.37	31.63	36.34	38.18
Long Term Solvency
Total Debt/Equity	19.07	31.91	18.41	21.78	30.91
Total Debt / Total Capital	16.02	24.19	15.54	17.89	23.61
LT Debt/Equity	2.58	13.23	4.7	2.2	2.41
Long-Term Debt / Total Capital	2.17	10.03	3.97	1.8	1.84
Total Liabilities / Total Assets	35.14	41.55	35.23	35.92	38.94
EBIT / Interest Expense	78.26	33.72	15.87	14.24	14.12
EBITDA / Interest Expense	87.19	38.74	18.23	16.79	17.01
(EBITDA - Capex) / Interest Expense	80.37	32.02	15.31	14.2	14.27
Total Debt / EBITDA	0.59	1.17	0.64	0.9	1.29
Net Debt / EBITDA	0.24	0.76	0.38	0.58	0.95
Total Debt / (EBITDA - Capex)	0.64	1.41	0.76	1.07	1.53
Net Debt / (EBITDA - Capex)	0.26	0.92	0.45	0.69	1.13
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	19.23	38.98	-0.89	-7.3	-5.45
Gross Profit, 1 Yr. Growth %	18.86	23.97	11.88	-9.77	-7.32
EBITDA, 1 Yr. Growth %	58.47	20.86	12.08	-9.01	-12.92
EBITA, 1 Yr. Growth %	69.29	19.81	12.22	-10.41	-13.87
EBIT, 1 Yr. Growth %	72.12	19.51	11.67	-11.02	-14.6
Earnings From Cont. Operations, 1 Yr. Growth %	67.35	5.3	1.65	-12.04	-12.48
Net Income, 1 Yr. Growth %	67.35	5.3	1.65	-12.04	-12.48
Normalized Net Income, 1 Yr. Growth %	77.17	19.71	6.15	-10.04	-14.35
Diluted EPS Before Extra, 1 Yr. Growth %	67.38	5.3	1.65	-12.04	-12.49
Accounts Receivable, 1 Yr. Growth %	37.67	28.2	-16.34	3.84	-9.46
Inventory, 1 Yr. Growth %	58.96	41.12	-14.75	6.31	-16.5
Net Property, Plant and Equip., 1 Yr. Growth %	7.47	33	8.29	7.97	-3.94
Total Assets, 1 Yr. Growth %	19.17	31.12	-4.44	10.56	-7.73
Tangible Book Value, 1 Yr. Growth %	205.23	-43.46	90.63	-19.99	-40.82
Common Equity, 1 Yr. Growth %	27.56	18.17	5.88	9.38	-12.07
Cash From Operations, 1 Yr. Growth %	1.26	7.77	35.94	-23.52	-14.02
Capital Expenditures, 1 Yr. Growth %	22.59	122.53	3.53	-12	12.68
Levered Free Cash Flow, 1 Yr. Growth %	7.52	-19.42	142.47	-23.51	-45.26
Unlevered Free Cash Flow, 1 Yr. Growth %	6.84	-16.38	142.22	-22.26	-43.15
Dividend Per Share, 1 Yr. Growth %	30.43	20	11.11	5	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.59	28.72	17.36	-4.15	-6.38
Gross Profit, 2 Yr. CAGR %	5.05	21.39	17.77	0.47	-8.56
EBITDA, 2 Yr. CAGR %	22.29	25.99	16.56	0.99	-10.84
EBITA, 2 Yr. CAGR %	24.54	28.76	16.14	0.27	-12
EBIT, 2 Yr. CAGR %	25.4	29.35	15.72	-0.32	-12.67
Earnings From Cont. Operations, 2 Yr. CAGR %	23.66	32.75	3.46	-5.44	-12.26
Net Income, 2 Yr. CAGR %	23.66	32.75	3.46	-5.44	-12.26
Normalized Net Income, 2 Yr. CAGR %	25.62	31.15	12.92	-2.28	-12.05
Diluted EPS Before Extra, 2 Yr. CAGR %	23.62	32.76	3.46	-5.44	-12.27
Accounts Receivable, 2 Yr. CAGR %	10.04	32.85	3.56	-6.79	-3.04
Inventory, 2 Yr. CAGR %	11.81	49.77	9.68	-4.8	-5.78
Net Property, Plant and Equip., 2 Yr. CAGR %	-3.91	19.56	20.01	8.13	1.84
Total Assets, 2 Yr. CAGR %	1.53	25	11.94	2.79	1
Tangible Book Value, 2 Yr. CAGR %	142.69	31.37	3.82	23.5	-31.19
Common Equity, 2 Yr. CAGR %	9.28	22.78	11.86	7.62	-1.93
Cash From Operations, 2 Yr. CAGR %	0.95	4.47	21.04	1.97	-18.91
Capital Expenditures, 2 Yr. CAGR %	2.66	65.17	51.78	-4.55	-10.39
Levered Free Cash Flow, 2 Yr. CAGR %	-5.36	-18.74	40.26	36.18	-33.26
Unlevered Free Cash Flow, 2 Yr. CAGR %	-5.36	-17.29	42.77	37.22	-31.58
Dividend Per Share, 2 Yr. CAGR %	14.21	25.11	15.47	8.01	2.47
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.14	12.77	17.98	8.49	-4.58
Gross Profit, 3 Yr. CAGR %	6.22	11.02	18.13	7.76	-2.2
EBITDA, 3 Yr. CAGR %	15	14.42	21.29	7.33	-3.78
EBITA, 3 Yr. CAGR %	16.37	14.95	23.13	6.51	-4.58
EBIT, 3 Yr. CAGR %	16.1	15.19	23.3	6.01	-5.21
Earnings From Cont. Operations, 3 Yr. CAGR %	12.73	17.21	21.45	-1.99	-7.85
Net Income, 3 Yr. CAGR %	12.73	17.21	21.45	-1.99	-7.85
Normalized Net Income, 3 Yr. CAGR %	15.41	15.28	22.36	4.68	-6.36
Diluted EPS Before Extra, 3 Yr. CAGR %	12.72	17.18	21.46	-1.99	-7.86
Accounts Receivable, 3 Yr. CAGR %	7.64	15.78	13.87	3.65	-7.69
Inventory, 3 Yr. CAGR %	7.37	20.83	24.12	8.55	-8.87
Net Property, Plant and Equip., 3 Yr. CAGR %	6.72	7.08	15.68	15.86	3.95
Total Assets, 3 Yr. CAGR %	7.51	10.57	14.3	11.48	-0.84
Tangible Book Value, 3 Yr. CAGR %	26.34	49.33	48.73	-4.81	-3.36
Common Equity, 3 Yr. CAGR %	10.68	12.16	16.87	11.03	0.61
Cash From Operations, 3 Yr. CAGR %	10.03	3.17	14.05	3.87	-3.67
Capital Expenditures, 3 Yr. CAGR %	13.57	32.86	41.35	26.56	-5.97
Levered Free Cash Flow, 3 Yr. CAGR %	39.43	-18.07	17.25	14.59	2.6
Unlevered Free Cash Flow, 3 Yr. CAGR %	39.33	-16.92	18.59	16.59	4.28
Dividend Per Share, 3 Yr. CAGR %	10.06	16.11	20.26	11.87	5.27
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	8.03	12.71	9.87	5.68	7.56
Gross Profit, 5 Yr. CAGR %	6.45	10.32	10.7	6.67	6.63
EBITDA, 5 Yr. CAGR %	11.4	10.51	11.36	8.91	7.24
EBITA, 5 Yr. CAGR %	12.13	10.88	11.68	8.91	7.65
EBIT, 5 Yr. CAGR %	11.86	10.49	11.26	8.79	7.41
Earnings From Cont. Operations, 5 Yr. CAGR %	11.04	10.21	8.93	7.56	6.64
Net Income, 5 Yr. CAGR %	11.04	10.21	8.93	7.56	6.64
Normalized Net Income, 5 Yr. CAGR %	11.67	10.38	9.71	7.98	7.22
Diluted EPS Before Extra, 5 Yr. CAGR %	11.02	10.2	8.92	7.55	6.64
Accounts Receivable, 5 Yr. CAGR %	15.25	16.83	5.99	6.16	6.78
Inventory, 5 Yr. CAGR %	17.21	22.57	8.29	9.84	11.16
Net Property, Plant and Equip., 5 Yr. CAGR %	6.85	13.04	11.85	7.5	9.93
Total Assets, 5 Yr. CAGR %	12.77	17.87	9.26	7.39	8.78
Tangible Book Value, 5 Yr. CAGR %	-8.37	-9.39	16.8	38.41	9.27
Common Equity, 5 Yr. CAGR %	9.04	14.45	11.15	10.32	8.95
Cash From Operations, 5 Yr. CAGR %	7.07	8.82	14.31	2.69	-0.49
Capital Expenditures, 5 Yr. CAGR %	12.44	27.97	27.54	16.4	17.79
Levered Free Cash Flow, 5 Yr. CAGR %	6.09	-3.85	32.36	0.53	-6.41
Unlevered Free Cash Flow, 5 Yr. CAGR %	6.32	-2.85	33.38	1.68	-4.83
Dividend Per Share, 5 Yr. CAGR %	11.38	13.05	12.2	12.8	12.8