PERSTORP, Sweden - Perstorp’s first quarter of 2010 was characterized by strong volume growth and cost containment, resulting in net sales rising 21 percent to SEK 3,607 million and operating profit amounting to SEK 430 million.

 

The company’s operating profit before depreciation and amortization recovered dramatically and amounted to SEK 430 (118) million. The increase in operating profit was primarily driven by improved demand, especially for Perstorp’s oxo products, specialty polyols and caprolactones.

 

“We have had a very positive start to 2010 with a strong demand for virtually all products in our portfolio, and the outlook for the rest of the year remains positive. There are many interesting and exciting activities underway that will further strengthen our position. For example, we will shortly be launching the world’s first renewable Penta - Voxtar™, which is excellent proof that we’re living the vision of contributing to a better and more sustainable society through innovative chemical solutions,” said Martin Lundin, President and CEO of Perstorp.