Perstorp Holding AB (Publ.) parent company for world leading specialty chemicals company Perstorp today announces its Q2 2017 Interim report.
Net sales, for continuing operations, increased 24% to SEK 3,288 m (2,654). As in first quarter of 2017, sales prices were higher than the corresponding quarter last year driven by strengthened pricing in specific product lines and higher raw material prices. Organic volume-based sales growth, for continuing operations, was 7% year-on-year.
EBITDA excluding non-recurring items, for continuing operations, amounted to SEK 502 m in the second quarter compared to SEK 409 m in the corresponding period last year. The increase was attributable to both higher sales volumes and higher unit margins for most of the product lines but also positive FX-effects.
“The second quarter of 2017 saw a continuous positive trend on the back of high demand in all three geographical markets. Demand for the majority of our products remained strong during the second quarter, where the year-on-year organic volume-based sales growth was 6.7% vs. the second quarter in 2016 (7.4% excluding BioProducts)”, says President & CEO Jan Secher.