Perstorp Holding AB (Publ.) parent company for world leading specialty chemicals company Perstorp today announces its Q3 2017 Interim report.
Net sales for continuing operations increased 18% to SEK 3,289 m (2,784). As for the first two quarters of 2017, third quarter sales prices were higher than the corresponding quarter last year, linked to improved pricing 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 575 m in the third quarter compared to SEK 476 m in the corresponding period last year. The increase was attributable to both higher sales volumes and higher unit margins for many of the product lines.
Towards the end of the third quarter, Perstorp acquired the Neo, TMP and TMPDE as well as the associated Formate businesses from Polioli SPA (Italy).
“We have now closed a record quarter and expect the demand in the fourth quarter 2017 to remain strong but the supply situation to become somewhat less tight”, says President & CEO Jan Secher.