Hexpol: Surges on higher-than-expected Q3 profit forecast

Hexpol AB

05/10/2020 08:21

** Shares in Swedish polymers group Hexpol  HPOLb.ST  rise
as much as 8.8% hitting their highest level since February 
    ** The company said it expects Q3 adjusted operating profit
to be above market expectations, helped by higher volumes
compared to the previous quarter and substantially lower costs
 urn:newsml:reuters.com:*:nL8N2GW0KJ
    ** It now expects Q3 operating profit in the range of SEK
560-590 million ($62.81 - 66.17 million) against SEK 583 million
year ago
    ** Hexpol shares are set for their best day since end of
June and among top performers on STOXX 600  .STOXX  index


($1 = 8.9161 Swedish crowns)

 ((joanna.wodzicka@tr.com))