Perstorp Holding AB (Publ.) parent company for world leading specialty chemicals company Perstorp today announces its Q4 and full year report.
Net sales in Q4, from continuing operations, increased by a 69 percent to SEK 3.871 m (2.284) compared to Q4 2020. The increase consisted of +69% organic growth, whereof +63% sales prices and +6% volumes, and no major FX effects.
EBITDA excluding non-recurring items amounted to SEK 668 m (257), corresponding to a margin of 17.3 (11.3) %. This is the Highest Q4 EBITDA in absolute amount and margin from continuing operations in Perstorp’s history.
Continued solid free cash flow generation of SEK 388 m (364). The year ended with closing and signing the acquisition of Geo's DMPA® business on December 30th, 2021. Available funds amounted to SEK 2.488 m (2.037) after M&A activities.
“Q4 was a very strong quarter for Perstorp and we finalized the year with an important acquisition, strengthening our Specialty business to the Resins & Coatings market. We are well positioned to take on a new year, having a robust foundation as a sustainable solutions provider with a diversified customer base, a growing partnership approach with our customers as well as formulation & application expertise. We are optimistic about 2022 while being well aware of the uncertainties in the market that come and influence the economic climate.””, says Jan Secher, Perstorp President & CEO.
For the full year net sales amounted to SEK 13.537m (9.194), a 47% increase compared to 2020. EBITDA from continuing operations amounted to SEK 2.513 m (1.128) corresponding to a margin of 18.6% (12.3). This is the highest full year EBITDA in absolute amount and margin in Perstorp’s 140 year long history.