Hexpol AB Publ Reports Earnings Results for the Third Quarter Ended September 30, 2019
October 24, 2019 at 07:00 am EDT
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Hexpol AB Publ announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was SEK 4,244 million compared to SEK 3,443 million a year ago. Operating income was SEK 483 million compared to SEK 527 million a year ago. Net income was SEK 355 million compared to SEK 404 million a year ago. Basic earnings per share was SEK 1.03 compared to SEK 1.17 a year ago. For the nine months, sales was SEK 11,734 million compared to SEK 10,213 million a year ago. Operating income was SEK 1,620 million compared to SEK 1,628 million a year ago. Net income was SEK 1,206 million compared to SEK 1,241 million a year ago. Basic earnings per share was SEK 3.5 compared to SEK 3.61 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 
