Malmo, Sweden – Perstorp’s preliminary results for Q3 2016 suggest the company’s sales revenue could be SEK 2,850m ($3,108m), which would be 1-3% higher than Q3 2015.
The reports also estimates that “organic volume-based sales growth was 13-15% in Q3, 2016”.
According to the report, factors impacting sales included “stable demand”.
For the first nine months of 2016, Perstorp estimates an organic volume-based sales growth of 5-7%, however its net sales decreased by the same amount during the period. The first nine months sales are predicted to match the prior year period and reach around SEK 8,200m, the firm added.
The firm estimates a Q3 EBITDA (earnings before interest, tax, depreciation and amortisation) of between SEK 485m and SEK 495m – which would represent a 15-17% increase on Q3 2015.
Higher sales volumes – driven in part by the scheduled maintenance shutdown of the Stenungsund facility in 2015 and positive foreign exchange effects are the drivers behind the increase, said the firm.
Over the first nine months of 2016, an EBITDA of up to SEK 1,390m is predicted, which would signify a 3% drop on the figure for the prior year period.
President and ceo Jan Secher said the quarter is “the second best on record” and above Q3 2015 “when adjusting for the maintenance shutdown in Stenungsund.”
It’s a testament that the ongoing initiatives, where Perstorp continues to take deliberate, targeted actions across all aspects of its business to generate a resilient, profitable and growing company, is bearing fruit,” stated.
The latter part of November has been earmarked for the release of Perstorp’s Q3 2016 interim report.
XE Currency conversion: 28 October, 2016