2017 saw Perstorp reaching an extraordinary milestone with the delivery of an excellent volume-based sales growth of 10% and sales amounting to SEK13,592M (approx.. US$1.6M).
EBITDA excluding non-recurring items increased by 20% to record high SEK2133M.
A successful refinancing of the balance sheet in the third quarter last year, amounting to €230M, also gave the company lower interest rates on the floating rate notes.
The demand was solid and harmonious across all three main regions, America, Europe and Asia, despite some geopolitical uncertainty.
Perstorp’s continued focus on proactive pricing also enabled margin improvement more than 135 years, this expertise has been used to pioneer the development of highly innovative products that advance everyday life across the globe.
In 2017, the company saw the launch of a number of exciting developments, further establishing its role as a market leader in specialty chemicals.
Perstorp has also made significant strides in its sustainability ambitions.
In November in Shanghai, the company announced its ambition to become Finite Material Neutral, by, for example, switching to renewable resources and reusing finite resource in continuous loops.
As a chemical company, Perstorp consumes significant amounts of electricity in production processes and with this in mind, the company committed in 2017 to only use renewable electricity across all their domestic production plants.
“Perstorp’s growth and exceptional EBITDA results were a major milestone for the company”, said Jan Secher, President and CEO, Perstorp.
“The result is particularly encouraging as all areas of the business contributed to this incredible success.
“We continue to make significant progress based not only on our innovation and sustainability efforts, but also through customer centricity, strong leadership values and a company culture whereby all employees can reach their full potential.”
Perstorp has also envisioned its future as a digitally transformed company for the benefit of its customers, with a strategy developed for how the digital transformation can enable smarter working, leveraging existing systems and processes more efficiently.