Perstorp Holding AB (Publ.) parent company for world leading specialty chemicals company Perstorp today announces its Q1 2017 Interim report.
Net sales, for continuing operations increased 34% to SEK 3,413 m (2,549). General sales prices were higher than the corresponding quarter last year driven by generally higher raw material prices and strengthened pricing in specific product lines. Sales margin was slightly weaker than last year due to a negative product mix.
Organic volume-based sales growth, for continuing operations was 23% year-on-year. All business units reported solid volume growth.
“The EBITDA margin in the first quarter amounted to 16.7% with EBITDA at a historical record level of SEK 571 m and it was 31% higher than the same period previous year. The EBITDA margin, excluding BioProducts amounted to 19.2%. This is attributable to a positive development in all regions with higher volumes and increased unit margins for specific product lines”, Jan Secher, President & CEO at Perstorp, states.