Perstorp Interim report 1 January – 30 September, 2012, now available

The beginning of 2012 was characterized by a significant pick-up in demand, following 2011’s soft end. Volumes were supported by the seasonality of the coating markets in Q2. However, the underlying market confidence during Q3 was noticeably lower, driven by concern about economic developments, primarily in Europe.

Sales over the first nine months of 2012 for the Perstorp Group’s continuing operations amounted to SEK 8,603 m, which was in line with the first nine months of 2011. Operating earnings before depreciation and amortization (EBITDA) relating to continuing operations were SEK 1,143 (1,259) m. Adjusted for items affecting comparability, the corresponding figure amounted to SEK 1,059 (1,279) m.

Strategic investment projects continued their progression, most notably the investment in a new production plant for Valeraldehyde and its derivatives 2-PH and DPHP, and an expansion of the Group’s Neo production with a new plant in China.

“As the year’s prolonged economic slowdown cools the global chemical demand and dashes hope of a durable recovery by fourth quarter, Perstorp continues to expand its competitive edge with a focus on customer attention, innovative product development and strict price discipline”, Perstorp President and CEO Martin Lundin says.