Perstorp Holding AB (Publ.) parent company for world leading specialty chemicals company Perstorp today announces its Q2 2018 Interim report.
Net sales, from continuing operations increased by 20% to SEK 3,949 m (3,288). Sales prices were higher than the corresponding quarter last year mainly linked to higher raw material prices for most product lines. Organic volume-based sales growth, from continuing operations was 5% year-on-year.
EBITDA excluding non-recurring items, from continuing operations amounted to SEK 623 m in the second quarter compared to SEK 502 m in the corresponding period last year. The increase was mainly attributable to higher volumes and positive exchange rate effects. EBITDA margin excluding non-recurring items for continuing operations was 15.8% (15.3). Excluding BioProducts, the EBITDA margin was 17.2% (17.7).
“The second quarter 2018 was characterized by a continued solid demand across all three regions, EMEA, Americas and APAC, balanced by a more normalized market supply situation compared to last year”, says Perstorp President & CEO Jan Secher.