5 November 2015
Perstorp Holding AB (Publ.) parent company for world leading specialty chemicals company Perstorp today announces its Q3 2015 Interim report.
Net sales amounted to SEK 2,778 m during the period July to September 2015, compared with SEK 2,838 m for the same period in 2014, a decrease of 2%. Volumes decreased 4% compared to last year following negative effects from the scheduled maintenance shutdown in Stenungsund and somewhat lower net sales during the latter part of the quarter following customers postponing orders in anticipation of lower sales prices in the fourth quarter on the back of falling raw material prices.
“Despite some changes in the overall market conditions, we put another quarter of strong performance behind us, and delivered the ninth consecutive quarter with increased operating earnings. The third quarter was marked by decreasing raw material prices. This has impacted purchasing behavior and resulted in a degree of restraint, since customers have made an assessment that lower prices will be possible to negotiate moving forward. We have noted similar market dynamics before and have no reason to reevaluate the long-term underlying demand for our products and view this instead as a question of timing”, says CEO & President Jan Secher.
Find full report here>>