HEXPOL AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 15, 2022 at 07:00 am EDT
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HEXPOL AB (publ) reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was SEK 5,654 million compared to SEK 4,002 million a year ago. Net income was SEK 644 million compared to SEK 537 million a year ago. Basic earnings per share from continuing operations was SEK 1.87 compared to SEK 1.56 a year ago. Diluted earnings per share from continuing operations was SEK 1.87 compared to SEK 1.56 a year ago.
For the six months, sales was SEK 10,827 million compared to SEK 7,812 million a year ago. Net income was SEK 1,244 million compared to SEK 1,071 million a year ago. Basic earnings per share from continuing operations was SEK 3.61 compared to SEK 3.11 a year ago. Diluted earnings per share from continuing operations was SEK 3.61 compared to SEK 3.11 a year ago.
Hexpol AB is a Sweden-based company engaged in the development, manufacture and marketing of polymer products. Its operations are divided into two business areas. The HEXPOL Compounding business area develops and manufactures advanced polymer compounds for demanding applications, and includes 25 production units with production, sales and development operations, which are divided into four areas: the geographic regions of North American Free Trade Agreement (NAFTA), Europe and Asia, as well as the HEXPOL Thermoplastic Elastomer (TPE)-Compounding product area. The HEXPOL Engineered Products business area offers a combination of material and application technology in polymer materials and special components, and develops and manufactures rubber gaskets for plate heat exchangers and rubber and plastic wheels for forklifts. The Company focuses mainly on the Original Equipment Manufacturer (OEM) customers. In August 2014, Hexpol AB completed the acquisition of Kardoes Rubber.
HEXPOL AB 
