The 2020 Mid-Year Economic Update_long

HEXPOL Sales Up 11% in 2014

Fourth quarter sales up 21 percent year-over-year.

Belgian polymers manufacturer HEXPOL reported full year sales for 2014 of SEK$8.9 billion (US$1.1 billion), an increase of 11 percent from 2013. Profit decreased 12.7 percent to SEK$1.1 billion (US$131.2 million).

Fourth quarter sales were SEK$2.3 billion (US$274.4 million), an increase of 21 percent from the same period the previous year. Profit decreased 2.4 percent to SEK$248 million (US$29.6 million).

"2014 was our best year so far with strong volume increases in all geographical regions and with strong earnings development," said Georg Brunstam, president and CEO. "During the second half year, we made four acquisitions within our focus area Polymer Compounding."

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