24 August 2016
Perstorp Holding AB (Publ.) parent company for world leading specialty chemicals company Perstorp today announces its Q2 2016 Interim report.
Net sales decreased 9% to SEK 2,730 m (2,991). The lower price on Brent Dated has pushed down the prices on many oil-related raw materials, which have had a negative effect on general sales prices. Prices have also to some extent been negatively affected by a more competitive market sentiment for some product lines. Despite lower sales prices, margins have remained on a healthy level for the main part of our businesses.
Organic volume-based sales growth was 5% year-on-year. Improved volumes in the majority of our core businesses was partly offset by lower volumes in our BioProducts business. Excluding the BioProducts business, organic volume-based sales growth was 6% year-on-year.
“Demand continued to hold steady through the second quarter of 2016. Organic volume-based sales growth during the second quarter was 5% vs. the same period last year. From a regional point of view, both the Americas and APAC showed strong growth numbers while Europe was flat. During the second quarter we have concluded a number of minor scheduled maintenance shutdowns. The objectives with the shutdowns have been completed without any incidents, on time and budget”, President & CEO Jan Secher states in the report.
Find the full interim report here>>