Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Ukraine
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
    • UTECH Europe 2021
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
July 18, 2019 12:00 AM

Market slowdown hit Perstorp in H1

Simon Robinson
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Malmo, Sweden — Polyol supplier Perstorp had total sales of SEK 6.3bn ($673m) in the first half of 2019. This is down 2.75% on the equivalent period last year.

    Perstorp's Secher: mitigating consequences in H1

    EBITDA across the business fell 23.3% to SEK 775m in the first half of 2019.

    'Our second quarter has been characterised by weaker demand and lower margins,' said CEO Jan Secher. 'We have already taken actions to mitigate some of the consequences to protect the company’s performance.'

    Sales in the company's specialty polyols & solutions business fell 4.1% between first half of 2018 and the first half of 2019. At SEK 3.5bn in the first half of 2019, this compares with SEK 3.7bn in the equivalent period last year.

    EBITDA in the division fell by 20.0% to SEK 528m in the first half of 2019. In the 2018 half, the figure was SEK 660m.

    Perstorp said that the lower sales were a result of lower volumes and sales prices for its Neo and Formates ranges in APAC and EMEA. Sales at the end of the second quarter were also hit, as customers in all regions delayed purchases. Customers expect prices to fall the third quarter. The fall in sales fed through to EBITDA for the division.

    Currency Conversion: XE.com

    Perstorp numbers H1 2019 ( SEK m)
    Group H1 2029 H1 2018 Change %
    Net Sales 6283 6461 -2.75
    EBITDA 775 1010 -30.87
    Margin % 16.1 22.6 -28.91
    Specialty Polyols & Solutions
    Net Sales 3521 3673 -4.14
    EBITDA 528 660 -20.00
    Margin % 15.0 18.0
    Source: Perstorp
    Recommended for You
    Repsol Tarragona plant 800
    Repsol invests €18m in Tarragona polyols plant
    Pearl Polyurethane and Covestro cooperate on climate-neutral MDI
    Pearl Polyurethane and Covestro cooperate on climate-neutral MDI
    China moves to meet HCFC-141b phase out pledge
    China moves to meet HCFC-141b phase out pledge
    Latest Issue
    April/May 2022 issue
    Click HERE for Free Download
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Crain Communications
    11, Ironmonger Lane
    London
    EC2V 8EY
    United Kingdom

    Editorial
    Phone +44 (0) 20 3287 5935
    Email click to send

    Customer Service
    Phone +1 313 446 0450
    Email click to send

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Ukraine
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
      • UTECH Europe 2021
    • Advertise
    • Contact Us
    • Issues
    • Subscribe