HEXPOL (HPOL) Q3 2026 earnings summary

Executive summary

• Q3 sales rose 13% YoY to SEK 5.3 billion, including 12% organic growth and 1% positive FX; all three business areas and regions grew.

• Adjusted EBIT increased 5% to SEK 723 million, while adjusted margin declined 110 bps to 13.6%; growth reflected higher volumes and prices, with overhead costs weighing on margins.

Financial highlights

• Q3 reported EBIT was SEK 651 million versus SEK 688 million; adjusted EBIT was SEK 723 million versus SEK 688 million. Adjusted profit after tax was SEK 502 million and adjusted EPS SEK 1.46.

• Jan–Sep sales increased 2% to SEK 15,348 million; adjusted EBIT declined 4% to SEK 2,196 million, with adjusted margin at 14.3% versus 15.1%.

• Q3 adjusted EBIT drivers included +SEK 129 million from sales, -SEK 17 million from gross margin and -SEK 77 million from OpEx; gross margin was similar to last year.

Outlook and guidance

• Priorities include converting growth into higher margins, product development and production automation through Mixing 5.0; no specific Thermoplastic Compounding growth outlook was given.

• Raw material prices remain volatile; price adjustments have compensated for rising costs, and Symplast closing was expected in Q1 2027, subject to customary conditions.