Perstorp Releases Results for 2020
MALMÖ, Sweden — Perstorp announced that it recently published it "Annual & Sustainability Report" for the year ended December 2020, a challenging year with acceleration of macroeconomic trends and a new strategic position for the company.
The company reports net sales of SEK 9,194 million in 2020, a decrease of 21% compared to the same period last year. The company ended the year with an EBITDA totaling SEK 1,128 million compared to 1,554 million for the full-year 2019, with an EBITDA margin of 12.3%. In the end of 2020, Perstorp Group was granted a liquidity-enhancing Revolving Credit Facility of SEK 600 million, backed by the Swedish Export Credit Agency.
In response to changes in and acceleration of macroeconomic trends, Perstorp has revisited its strategic positions, resulting in a new strategic direction. The outcome means in essence that Perstorp will quickly return to its growth strategy, but focus its growth initiatives primarily on some selected customer segments where innovation and services are prioritized, and on the area of specialty chemicals. Sustainability and digital transformation will be important enablers for success.
Jan Secher, President and CEO of Perstorp, said, "The chemical industry is essential for the recovery of the global economy and for leading the way into the post-COVID-19 future.
"Profitable growth continues to be our objective moving forward and with the support of our new strategic direction, I am convinced that we will return to a strong growth trajectory. This is an exciting time and I am very proud to lead this company."
Visit www.perstorp.com to learn more.
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