Hexpol eyes more acquisitions after 'best ever' quarter
Hexpol eyes more acquisitions after 'best ever' quarter Hexpol's head office in Malmo, Sweden. MALMO, Sweden—Hexpol A.B. has seen a significant rebound in fourth quarter operating profit and a strong cash flow, which could support the rubber group's "acquisition agenda." During the final three months of 2020, operating profit rose 47 percent year-on-year to $74 million, on 10 percent lower sales of $404 million, Hexpol announced Jan. 29. For the full year, the Swedish compounder posted sales down 13.4 percent year-on-year to $1.6 billion, with operating profit coming in 5.2 percent lower at...
Source: rubbernews.com