Annual Report delivers a market segment focus

Cecilia Svensson
Cecilia Svensson
VP Group Communications & Sustainability
+46 40 635 88 30
Investor Relations, About, sustainability
30 April 2010

The Perstorp Group’s 2009 Annual Report is now available and introduces a fresh, new approach using a market segment perspective. This report demonstrates how Perstorp resourcefully used last year’s financial crisis to lay a strong foundation for 2010’s predicted upswing. Efficiency measures and a reinforced balance sheet fortified Perstorp’s future growth forecast.

The Annual Report showcases the company’s 2009 development in a modern, two-part chronicle of the year’s activities. The first section presents Perstorp’s business and strategy with a market segment focus while the second part delivers a comprehensive and detailed analysis of Perstorp’s financial performance and sustainability. 

In summary, sales increased 3% during 2009 when compared to 2008, reaching SEK 12,542 m due to acquisitions. On a pro-forma basis, Group sales decreased 18% during 2009, of which 9% was related to a decline in volumes. Perstorp successfully implemented a cost-savings program and efficiency improvements during the year, which amongst others resulted in a 20% reduction of work force.

Perstorp’s recovery from the 2009 financial crisis began in the second quarter. At year-end, the operating profit before depreciation and amortization (EBITDA) reached SEK 986 m (1,670). Adjusted for non-recurring items, the profit was SEK 1,100 m (1,723). 

“We used last year’s economic challenges to improve our efficiency while developing a solid new strategic direction for the company.

The complete Annual Report for 2009 is available in English; part two is also available in Swedish.

The Perstorp Annual Report for 2009 can be downloaded & ordered here >>

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