Perstorp Holding AB (Publ.) parent company for world leading specialty chemicals company Perstorp today announces its Q4/Year-end 2016 report.
Net sales increased 29% to SEK 3,125 m (2,431) during the period October to December 2016. Margins have improved slightly and have been on a healthy level for the main part of our businesses. Organic volume-based sales growth was 24% year-on-year. Volumes improved in most of our businesses and were to some extent helped by lower comparisons in the fourth quarter last year due to the scheduled maintenance shutdown in Stenungsund. EBITDA excluding non-recurring items amounted to SEK 477 m in the fourth quarter compared to SEK 238 m in the corresponding period last year. The increase in earnings was primarily attributable to higher volumes, due to the scheduled shutdown in Stenungsund last year, higher unit margins and positive FX effects.
“We continue to see healthy demand for our main products lines. We expect the first quarter 2017 to remain strong, despite several uncertainties and lack of predictability in the world economy”, Perstorp President & CEO Jan Secher states.