HEXPOL AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 22, 2021 at 08:10 am EDT
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HEXPOL AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was SEK 4,108 million compared to SEK 3,328 million a year ago. Net income was SEK 841 million compared to SEK 426 million a year ago. Basic earnings per share from continuing operations was SEK 2.44 compared to SEK 1.24 a year ago. Diluted earnings per share from continuing operations was SEK 2.44 compared to SEK 1.24 a year ago.
For the nine months, sales was SEK 11,920 million compared to SEK 10,022 million a year ago. Net income was SEK 1,912 million compared to SEK 953 million a year ago. Basic earnings per share from continuing operations was SEK 5.55 compared to SEK 2.77 a year ago. Diluted earnings per share from continuing operations was SEK 5.55 compared to SEK 2.77 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 
