Perstorp Holding AB, parent company for world leading specialty chemicals company Perstorp,  reported that Q4 net sales, from continuing operations, decreased with -7% to SEK 2,284 m (2,463), driven by negative FX effects and lower raw material prices, and +8% compared to Q3. Organic volume-based sales growth was +6% year-on-year and +4% compared to Q3.

EBITDA excluding non-recurring items amounted to SEK 257 m (275). FX effects were SEK -42 m compared to the same period last year. At constant FX, EBITDA increased by 9% year on year due to solid volumes and cost control. EBITDA-margin excluding non-recurring items for continuing operations was 11.3% (11.2).

Continued solid free cash flow generation of SEK 364 m (549). In the end of the quarter, Perstorp Group was granted a liquidity enhancing Revolving Credit Facility of EK 600 m, backed by the Swedish Export Credit Agency (EKN). Available funds at December 31st amounted to SEK 2,037 m (1,248), including the newly granted Revolving Credit Facility of SEK 600 m.  

“The chemical industry in the EU has officially been acknowledged for being imperative for the economic recovery for leading the way into the future post-Covid-19. With our revised strategic direction, Perstorp is an evident part of this future”, says Jan Secher, Perstorp President & CEO.