Perstorp publishes Annual Report for 2017
EBITDA excluding non-recurring items increased by 20 percent to record high SEK 2,133 million. A successful refinancing of the balance sheet in the third quarter last year, amounting to EUR 230 million, 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.
“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.
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