Year-end/Q4 report 2021 released
Perstorp Holding AB (Publ.) parent company for world leading specialty chemicals company Perstorp today announces its Q4 and full year report.
Record results
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.