28 April 2016
Perstorp Holding AB (Publ.) parent company for world leading specialty chemicals company Perstorp today announces its Q1 2016 Interim report.
Net sales decreased 11% to SEK 2,616 m (2,949). The lower price on many of our key raw materials pushed down the
general sales price for several of our businesses. Despite lower sales prices, unit margins have remained relatively stable for the
main part of our businesses.
Organic volume-based sales growth was flat year-on-year. Stronger volumes in our specialty area was offset by lower volumes
in especially our BioProducts business.
EBITDA excluding non-recurring items amounted to SEK 457 m in the first quarter compared to SEK 531 m in the
corresponding period last year. EBITDA-margin excluding non-recurring items was 17.5% (18.0). The decrease in earnings can
primarily be assignable to less favorable FX-rates amounting to SEK 65 m.
"Overall, underlying demand was stable in our major markets.
From a regional point of view, the Americas and particularly
Brazil weighed us down a bit during the quarter. Europe also had
a slightly lower volume development, mainly due to BioDiesel and
Oxo-alcohols products. However, APAC had an extremely strong
first quarter, with a 25% volume increase", says President & CEO Jan Secher.
Find the full interim report here>>