Hempel returns to growth and is positioned for new acquisitions

摘要

Hempel delivered 14 per cent growth and grew 2.5% organically in 2019. With the European decorative acquisition, J.W. Ostendorf, fully integrated, the company is looking for new acquisitions in order to double in size. Company's revenue grew by 14 per cent, of which 2.5percentage points were driven organically, and its EBITDA margin ended the year at 10.5 per cent for continuing business. The company continued to deliver strong growth in the last two quarters of the year. Group President & CEO of Hempel Lars Peters-son comments: "2019 was a great year for us. We returned to positive organic growth with a revenue of more than EUR 1,500 million. The strong results are based on organic growth, especially in Asia, a stable EBITDA margin and the first full year with our Euro-pean Decorative acquisition, J. W. Ostendorf, fully integrated".