Perstorp Holding AB (Publ.) parent company for world leading specialty chemicals company Perstorp today announces its interim report for Q2 2020.
Net sales decreased with 32% to SEK 2,079 m. Excluding currency effects, sales prices in the second quarter were substantially lower than the corresponding quarter last year in EMEA and APAC, mainly linked to lower raw material prices.
Organic volume-based sales growth was -22% year-on-year. EBITDA excluding non-recurring items amounted to SEK 265 m. EBITDA-margin excluding non-recurring items was 12.7%.
“The second quarter was characterized by a clear slowdown of demand. Although EBITDA decreased by 27% during the quarter, Perstorp has demonstrated its ability to act with agility, defending margins and swiftly implementing programs for fixed cost reductions and cash preservation. Our available funds increased during the quarter by SEK 290 m and amounted to SEK 1,234 m at June 30", says Jan Secher, Perstorp President & CEO.