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March 23, 2005
Highlights of 2004
Financial development
- The year was characterized by continued positive economic conditions, resulting in favorable demand for most of the Group's products.
- Net sales increased by 14% to SEK 6,532 m (preceding year: 5,741). Adjusted for exchange-rate changes, the increase was 18%.
- Operating earnings before depreciation increased to SEK 1,101 m (922), as a result of higher volumes,better capacity utilization and an increase in internal efficiency. Accordingly, the operating margin improved, despite the negative effects of rising raw-material prices and a weaker US dollar, and despite nonrecurring costs of SEK 74 m.
- Net earnings increased to SEK 71 m (39).
- Cash flow from continuing operations was at the same level as in the preceding year at SEK 755 m (754).
Significant events
- A new organization was introduced in order to increase customer orientation and improve internal efficiency. As part of this process, the number of positions was reduced by 160.
- Decisions were made regarding major investments aimed at satisfying increasing demand for organic acids, polyols and several other specialty chemical products.
- All of the shares in Pergo AB (publ) were divested.
- Preliminary agreement reached regarding the acquisition of Franklin Holding BV, whose operations consist mainly of feed additives based on organic acids.
Read the full Annual Report from Sydsvenska Kemi AB, Parent Company of Perstorp
In English
In Swedish
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