Perstorp Holding AB (Publ.) parent company for world leading specialty chemicals company Perstorp today announces its Q2 report for 2022.
Solid business performance in a scheduled maintenance turnaround quarter
The second quarter of 2022 was characterized by a solid performance with continued favorable market dynamics for Perstorp’s products. A softened underlying demand has partially been offset by strategic pricing, pro-active customer outreach and to some extent a positive FX-effect.
Net sales in Q2, from continuing operations, increased by 27% percent to SEK 4,165 m (3,272) compared to same quarter in 2021.
The increase consisted of +18% organic growth whereof +31% sales prices and -13% volumes, +1% acquisition and +8% FX effects.
EBITDA excluding non-recurring items amounted to SEK 605 m (595) corresponding to a margin of 14.5% (18.2). Continued solid free cash flow generation of SEK 275 m (409), despite the increased capex program.
“Q2 was a quarter with solid performance despite a volatile environment and a major planned maintenance turnaround. We continued our transformation 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 where we are well positioned for further growth. Despite the macroeconomic volatility and geo-political challenges we are in a position of strength and look forward to developing our business further for the rest of this year” says Perstorp President and CEO Jan Secher.