MALMÖ, Sweden – Specialty chemicals provider Perstorp has published its annual report for the year ended December 2018. The company reported net sales of SEK 14,882 million, an increase of 9% compared to the same period last year. EBITDA excluding non-recurring items, amounted to a record high of SEK 2,324 million (2,133), corresponding to an EBITDA margin of 15.6% (15,7%).
In 2018 and in the beginning of 2019, the company undertook several transformational initiatives to become fit and more agile for the future, including the Care 365 program, which helped the company see a decrease in OSHA-recordable accidents and improved employee satisfaction. Another initiative was the transfer of the company into a new investment fund that has committed €130 million for M&A and CAPEX activities to further advance growth.