Perstorp Holding AB (Publ.) parent company for world leading specialty chemicals company Perstorp today announces its Q1 report for 2022.
Highest quarterly EBITDA in Perstorp’s history
Net sales in Q1, from continuing operations, increased by a 54% percent to SEK 4,408 m (2,865), compared to Q1 2021. The increase consisted of +47% organic growth whereof +48% sales prices and -1% volumes and +7% FX effects.
EBITDA excluding non-recurring items amounted to SEK 845 m (505) corresponding to a margin of 19.2% (17.6). This is the highest quarterly EBITDA in Perstorp’s history (continuing operations).
Continued solid free cash flow generation of SEK 291 m (316).
“Q1 was a record quarter for Perstorp in which we accelerated our journey towards becoming the sustainable solutions provider and preferred partner to our customers. In line with our strategic direction, we have further strengthened our positions in our focus segments and started to fully leverage the acquisition of GEO´s DMPA business made at the end of 2021. Our way of applying value-based pricing is a vital part of being successful with our business strategy, with Pricing Excellence as a focus area. We are well positioned to take on the rest of this year with optimism, despite current and foreseeable geo-political challenges” says Perstorp President and CEO Jan Secher.