HEXPOL AB Reports Unaudited Consolidated and Parent Company Earnings Results for the Quarter and Half Year Ended June 30, 2019
July 18, 2019 at 05:00 am EDT
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HEXPOL AB (publ) reported unaudited consolidated and parent company earnings results for the quarter and half year ended June 30, 2019. For the quarter, on consolidated basis, sales was SEK 3,685,000 compared to SEK 3,461,000 a year ago. Operating profit was SEK 551,000 compared to SEK 561,000 a year ago. Profit after tax was SEK 413,000 compared to SEK 426,000 a year ago. Earnings per share after and before dilution was SEK 1.20 compared to SEK 1.24 a year ago.
For the half year, on consolidated basis, sales was SEK 7,490,000 compared to SEK 6,770,000 a year ago. Operating profit was SEK 1,137,000 compared to SEK 1,101,000 a year ago. Profit after tax was SEK 851,000 compared to SEK 837,000 a year ago. Earnings per share after and before dilution was SEK 2.47 compared to SEK 2.43 a year ago.
For the quarter, on parent company basis, sales was SEK 13,000 compared to SEK 12,000 a year ago. Operating profit was SEK 0,000 compared to SEK 3,000 a year ago. Profit after tax was SEK 174,000 compared to SEK 126,000 a year ago.
For the half year, on parent company basis, sales was SEK 27,000 compared to SEK 23,000 a year ago. Operating loss was SEK 4,000 compared to SEK 5,000 a year ago. Profit after tax was SEK 168,000 compared to SEK 167,000 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 
