Perstorp Holding AB (Publ.) parent company for world leading specialty chemicals company Perstorp today announces its interim report for Q1 2021.
Robust quarter with a strong EBITDA and solid cash flow
Net sales amounted to SEK 2,865 m (2,720), a 5% increase over the first quarter last year. Organic growth increased by 14% and EBITDA excl non-recurring items, which was negatively affected by an unfavorable FX effect of SEK 86 m, amounted to SEK 505 m (421) with an EBITDA margin of 17.6% (15.5). Free cash flow generation continued to be solid and amounted to SEK 316 m (-121), and available funds amounted to SEK 2,055 m at the end of the period.
“Despite the pandemic, we have continued many of our development projects to prepare the organization to get back to our growth trajectory as fast as possible. The start of 2021 was promising”, says Perstorp President & CEO Jan Secher.