The Hempel Group’s revenues grew by 15 per cent in 2012, despite facing a challenging world market, and the Group is still on track to achieve its long-term goals.
The Hempel Group delivered an all-time high revenue of EUR 1,242 million in 2012. EBITDA reached a record high of EUR 126 million, an increase of 21 million compared to 2011. Net profit remained level with 2011 at EUR 35 million.
Pierre-Yves Jullien, Group President and CEO of Hempel A/S, comments: “Our performance over the last few years means we have a solid financial foundation for growth in the future, which is essential for our One Hempel - One Ambition strategy. We have the financial capability to look at new investments and acquire new businesses should the right opportunity appear, and we will continue to expand production capacity and develop new products in 2013.”
Hempel’s 2012 results
- Group revenues rose from EUR 1,077 million in 2011 to EUR 1,242 million in 2012
- EBITDA of EUR 126 million with an EBITDA margin above 10 per cent
- Operating profit of EUR 83 million, up from EUR 72 million in 2011
- Net profit of EUR 35 million, level with 2011
The Hempel Group's revenues grew by 15 per cent in 2012 thanks largely to a solid performance in the industrial segment – which was bolstered by growth in new markets, including Eastern Europe – and the inclusion of Crown Paints for the full year.
Download and read Hempel's Annual Report for 2012Download