STOCKHOLM, Sweden (Feb. 8, 2011)—International compounding group Hexpol A.B .has reported stronger sales and margins in the last quarter and full year of 2010.
In the final quarter, the company reported net sales up by 61 percent to $175 million. Operating profit, excluding exceptional items, jumped 71 percent to $21.3 million. Operating margin increased to 12.1 percent from 11.4 percent.
For the full year, Hexpol said net sales increased by 46 percent to $590 million. Excluding exceptionals, operating profit amounted to $71.5 million, up 76 percent. Margins increased to 12.1 percent from 10 percent.