Brief: Hexpol Q3 Profit After Tax Down At SEK 355 Mln

Hexpol AB

24/10/2019 12:26

Oct 24 (Reuters) - Hexpol AB  HPOLb.ST :
    * INTERIM REPORT JANUARY-SEPTEMBER 2019
    * Q3 OPERATING PROFIT, EXCLUDING. NON-RECURRING ITEMS,
INCREASED
11 PER CENT TO 583 MSEK (527).
    * Q3 PROFIT AFTER TAX AMOUNTED TO 355 MSEK (404).
    * Q3 SALES INCREASED 23 PER CENT TO 4,244 MSEK (3,443).
    * "WE ARE VERY PLEASED WITH ACQUISITION OF PREFERRED
COMPOUNDING
AND TOGETHER WE WILL BE ABLE TO CONTINUE TO DEVELOP OUR
COMPOUNDING BUSINESS IN AMERICA"
    * ORGANICALLY WE HAD A NEGATIVE SALES DEVELOPMENT IN QUARTER
AND
SAW CONSEQUENTLY A CONTINUED SOFTENING IN DEMAND
    * "FOLLOWING INTEGRATION AT PREFERRED COMPOUNDING HAS A
RESTRUCTURING PROJECT BEEN INITIATED IN ORDER TO OPTIMIZE
OPERATIONS AND EXTRACT COST SYNERGIES"

Source text for Eikon:  ID:nWkr7XD5LX 
Further company coverage:  HPOLb.ST 

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