Today we publish our Annual & Sustainability Report for the year ended December 2021 – a year of record results and new market conditions.
Key financial highlights include:
• Net sales of SEK 13,537 m, which is an increase of 47 percent compared with the previous year.
• EBITDA excluding non-recurring items amounted to SEK 2,513 m (1,128 m) corresponding to an EBITDA margin of 18.6 % (12.3 %). This is our highest EBITDA and EBITDA margin in Perstorp’s* history.
• A solid free cash flow generation of SEK 1,537 m (823).
• Available funds amounted to SEK 2,488 m (2,037) at the end of the period after M&A activities.
Developments and strategic direction
The year was one of the best in Perstorp’s history as we navigated and became accustomed to the changing market that presents significant opportunities for our business going forward. While operating in a favorable environment in 2021, Perstorp´s proactive approach to take advantage of the market opportunities available was crucial to success.
Jan Secher, President and CEO of Perstorp, commented: “I firmly believe that 2021 wasn’t a one off in terms of success for Perstorp. We expect the trends of the market situation that we saw during the year to become the ‘new normal’ and will continue to shape the future. This includes a less global and more regional supply base, which suits Perstorp well as we are already an established regional player in Europe, the US and Asia. Furthermore we are creating a more sustainable business and offering, which I see as crucial to our overall long-term stability and profitability. As industry in general seeks to become more sustainable, a whole new world of opportunities is opening for Perstorp. The more sustainability commitments made by companies further down value chain, the better the market will be for us as they will require companies like Perstorp to provide the green alternatives and products to achieve their sustainability ambitions.”
* Continuing operations
Download the full Annual & Sustainability report for 2021 here >>