With Continued Growth, Hempel Aims for Additional Acquisitions
LYNGBY, Denmark — Coatings manufacturer Hempel delivered 14% growth and grew 2.5% organically in 2019, and its EBITDA margin ended the year at 10.5% for continuing business. With the acquisition of decorative coatings provider J.W Ostendorf fully integrated, Hempel is looking for new acquisitions in order to double in size.
Group President & CEO of Hempel Lars Petersson commented on the company’s 2019 results, “2019 was a great year for Hempel. We returned to positive organic growth with a revenue of more than €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.”