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Annual Report

The global market is increasingly searching for solutions that can help both reduce costs and improve environmental performance. Meeting this demand has been the driving force behind Hempel’s success over recent years, and for the third year in a row, Hempel presented strong results for 2015.

“2015 was a remarkable year for Hempel. Our focus on delivering products that add real value to customers has been very successful. At the same time, we have continued to invest in our own internal capabilities and efficiency, and our results over the last few years show that this dual focus is working,” says Pierre-Yves Jullien, who retired from his position as Group President and CEO of Hempel A/S on 29 March. He continues his association with Hempel as a member of the Board of the Hempel Foundation.

Achieving net organic growth above the market in 2015 and acquiring new companies, among them Jones-Blair Company in March, Hempel saw a total top-line growth reach 20 per cent

In addition, the company delivered EBITDA of EUR 220 million, 33 per cent higher than 2014 and the company’s third record-high EBITDA level in a row.

In many ways, 2015 was a landmark year for Hempel. The company celebrated its 100th anniversary and marked the end of Hempel’s highly successful One Hempel – One Ambition growth strategy, which has seen Hempel grow sales by 76 per cent and EBITDA by 90 per cent over the last five years. In 2016, the company launched Journey to Excellence, a new strategy that focuses on further increasing customer-focus and internal efficiency.

From now on, Henrik Andersen will be executing the new strategy. He comments: “I am thrilled and honoured to be taking the leadership of Hempel A/S. It is a company with a long and proud history and a highly skilled workforce, and under Pierre’s leadership, it has become one of the global industry leaders. I am looking forward to converting our new strategy into actions together with everyone here, and I am confident that together, we can continue strengthening Hempel for the better of our customers, employees and stakeholders in general.”

Hempel A/S 2015 results

  • Revenues increased to EUR 1,563 million, up from EUR 1,298 million in 2014
  • EBITDA of EUR 220 million was the highest in the Group’s history
  • Operating profit was EUR 158 million, 23 per cent higher than 2014
  • Net profit increased to EUR 108 million.

Annual Report 2015

Hempel’s annual results break records for the third year in a row

Revenues increased to EUR 1,563 million, net profit to EUR 108 million

New strategy, Journey to Excellence, in place and rolled out

Henrik Andersen succeeds Pierre-Yves Jullien as CEO and President of Hempel A/S



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