Perstorp Holding AB (Publ.) parent company for world leading specialty chemicals company Perstorp today announces its interim report for Q3 2020.
Net sales decreased with 27% to SEK 2,111 (2,895) m. Organic volume-based sales growth was -6% year-on-year, but positively 12% compared to Q2/20. Sales prices in the third quarter were substantially lower than the corresponding quarter last year, mainly linked to lower raw material prices and negative exchange rate effect.
EBITDA excluding non-recurring items amounted to SEK 185 (439) m. EBITDA-margin excluding non-recurring items was 8.8% (15.2). Continued solid free cash flow generation of SEK 257 (301) m. Available funds amounted to SEK 1,151 (942) m.
“The chemical industry’s power to innovate is strong and continued recovery of demand will follow the recovery of the various sectors that we serve. Digitalization and sustainability will become even more important as we face the global challenges – but also opportunities – that lie ahead of us”, says Jan Secher, Perstorp President & CEO.