Georg Brunstam appointed President and CEO for HEXPOL AB (publ)
The Board of HEXPOL AB (publ) has today appointed Georg Brunstam President and CEO for HEXPOL AB (publ) effective 20 November 2020. Georg Brunstam is currently Chairman of the Board for HEXPOL AB (publ), this assignment will end when he assumes his new role. Georg Brunstam has previously been President and CEO for HEXPOL AB (publ) 2007-2017.
”During the last two quarters I have, as a daily involved Chairman of the Board, together with our interim CEO and the whole management team worked intensively to implement major changes and improvements within the HEXPOL Group. The changes give a
Read more →HEXPOL Interim report January - September 2020
JULY - SEPTEMBER 2020
· Sales amounted to 3,328 MSEK (4,244).
· Operating profit, excl. non-recurring items, increased to 593 MSEK (583).
· Operating margin, excl. non-recurring items, increased to 17.8 percent (13.7).
· Profit after tax increased to 426 MSEK (355).
· Earnings per share increased by 20 percent to 1.24 SEK (1.03). Earnings per share, excl. non-recurring items, decreased by 2 percent to 1.24 SEK (1.27).
· Operating cash flow amounted to 773 MSEK (812).
· Non-recurring items, before tax, amounted to 0 MSEK (100).
· Significant event after the end of
Read more →HEXPOL proposes dividend for 2019
In April 2020, the Board of Directors of HEXPOL AB (publ) decided to withdraw its proposal of dividend for the financial year of 2019. This as a consequence of the great uncertainty surrounding Covid-19. At the same time, it was stated that the Board’s ambition was to summon the shareholders to an Extraordinary General Meeting during the fall and proceed its earlier communicated proposal for dividend of SEK 2.30 per share.
The consequences of the Covid-19-pandemic can now be better assessed and the Board has judged that, thanks to the Group’s strong accomplishment and liquidity, there
Read more →AAK’s Interim report for the third quarter 2020 – strong profit growth driven by cost optimizations and a favorable product mix
AAK Group
· Total volumes for the quarter were stable and amounted to 565,000 MT (571,000).
· Operating profit, including a negative currency translation impact of SEK 43 million, increased by 7 percent, reaching SEK 602 million (563).
· Operating profit, excluding items affecting comparability, amounted to SEK 602 million (569), an increase by 6 percent.
· Net profit amounted to SEK 436 million (398), an increase by 10 percent.
· Earnings per share increased by 10 percent, to SEK 1.69 (1.53).
· Cash flow from operating activities amounted to SEK 480 million (130).
·
Read more →AAK has acquired the remaining shares of its joint venture in India
To further strengthen its position in the strategic and fast-growing Indian market, AAK AB (publ.) has acquired the remaining 31 percent of the shares of AAK Kamani, the joint venture between AAK and Kamani Oil Industries Pvt Ltd. that was formed in September 2015. AAK now owns 100 percent of AAK Kamani.
“Working together with the founding family for the past five years, AAK is now ready to lead the next growth journey for AAK Kamani”, said Sten Estrup, President AAK Asia. “Since engaging in the joint venture, we have together with Prakash Chawla and his family continuously expanded and
Read more →The Board of Directors of AAK AB proposes dividend
The Board of Directors of AAK AB (publ.) has decided to propose to distribute a dividend of SEK 2.10 per share to the shareholders for the financial year 2019. The proposal will be presented for resolution at an Extraordinary General Meeting that is expected to be held on November 26, 2020.
Ahead of the Annual General Meeting on May 13, 2020, the Board of Directors of AAK AB decided, as a precaution due to the spread of the coronavirus, to withdraw its previous proposal to distribute dividend for the financial year 2019, and, if circumstances would allow, to convene an extraordinary
Read more →Notice of Extraordinary General Meeting in ASSA ABLOY AB
The shareholders of ASSA ABLOY AB (Reg. No. 556059-3575) are hereby invited to participate in the Extraordinary General Meeting to be held on Tuesday 24 November 2020.
In the light of the Covid-19 pandemic, the Board has decided that the Extraordinary General Meeting is to be held only through advance voting (postal voting) in accordance with temporary legislation. This means that the Meeting will be conducted without the physical presence of shareholders, representatives or external parties and that shareholders will only be able to exercise their voting rights by postal voting in
Read more →ASSA ABLOY AB’s Board propose a second dividend
Due to the uncertainty about the market situation caused by the Covid-19 pandemic, the Annual General Meeting on 29 April 2020 decided on a dividend of SEK 2.00 per share in accordance with a revised dividend proposal by the Board. The Board’s original proposal was a dividend of SEK 3.85 per share.
As previously communicated, it has been the clear ambition of the Board to propose a second dividend during 2020 when the consequences of the Covid-19 pandemic can be better assessed and given that the financial position of the Group allows this.
The Board has now assessed that the market
Read more →Quarterly Report Q3 2020
Strong recovery in the quarter
Third quarter
· Net sales decreased by 8% to SEK 22,225 M (24,034), with organic growth of –5% (4) and acquired net growth of 4% (4)
· Entrance Systems reported organic sales growth, while EMEA reported stable organic sales development. Global Technologies, Asia Pacific and Americas reported negative organic sales growth. All divisions were strongly negatively affected by Covid-19
· Sales and income for agta record are fully consolidated into the Group from 31 August 2020
· Operating income (EBIT[1])[ ]decreased by 8% to SEK 3,593 M (3,894),
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