Annual Report 2019: Hempel returns to growth
The company’s EBITDA margin ended the year at 10.5 per cent for continuing business. Hempel continued to deliver strong growth in the last two quarters of the year.
“A great year for Hempel”
Group President & CEO of Hempel Lars Petersson comments: “2019 was a great year for Hempel. We returned to positive organic growth with a revenue of more than EUR 1,500 million. The strong results are based on organic growth, especially in Asia, a stable EBITDA margin and the first full year with our European Decorative acquisition, J.W. Ostendorf, fully integrated.”
Hempel to double Hempel has set an ambitious growth target, with the aim of doubling its revenue. With the refinancing of its credit facility in 2019, Hempel has a facility of EUR 1 billion. In addition, Hempel has released net working capital improvements of more than EUR 170 million since the beginning of 2016.