• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    CPMA Celebrates 100 Years of Leadership for the Color Pigments Industry

    Aerospace Coatings Market

    Energy Curing and Coil Coatings

    Lab/Testing Equipment Update

    High Performance and Special Effect Pigments
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    Nouryon Earns Awards from Texas Chemical Council and the Texas Chemistry Alliance

    Śnieżka Group Earns Higher Position in ESG Ranking

    SONGWON Appoints New Leader Business Unit Tin Intermediates / PVC

    Cabot Corporation Achieves Platinum Rating from EcoVadis

    BASF Closes Purchase of DOMO Chemicals’ Shares in Alsachimie JV
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    ROSS Introduces Custom Coaxial Mixer for Complex Formulations

    AkzoNobel Vehicle Refinishes, Solera to Enable Data-Driven Sustainability

    PPG Revitalizes School in France as Part of COLORFUL COMMUNITIES 10-year Celebration

    Jotun Joins RightShip’s Zero Harm Innovation Partners Program

    Tnemec Launches New Waterborne Epoxy Products
    Additives
    Binders
    Pigments
    Solvents

    Safic Alcan to Distribute Evonik Functional Silanes in Central Eastern Europe

    CPMA Celebrates 100 Years of Leadership for the Color Pigments Industry

    Orion S.A. Earns 10 Safety Awards from ICBA

    OXERRA Expands Augusta Facility to Enhance U.S. Distribution Capabilities

    Münzing Expands U.S. Operations with New Production Facility in South Carolina
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Patcham USA

    Evonik Corporation

    WAB US Corp

    Vibrantz Technologies

    Siltech Corporation
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    ABRAFATI SHOW 2025

    Paint Bangladesh 2025

    Paint Expo Eurasia

    CEPE Annual Conference

    Western Coatings Show
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Patcham USA

    Evonik Corporation

    WAB US Corp

    Vibrantz Technologies

    Siltech Corporation
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Glossary
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Hempel: Continuing Transformation After 'Satisfying' 2017

    ...

    Hempel: Continuing Transformation After
    04.06.18
    Global coatings company Hempel’s financial performance was satisfactory in 2017 with organic growth of -0.7 percent. This was in line with the global coatings market and the segments in which Hempel operates. Hempel maintained a stable EBITDA margin (12.4 percent) in 2017, just below the 2016 level (13.2 percent).

    Furthermore, Hempel saw great results from its sharp focus on improving net working capital and reducing net debt. Net working capital days decreased from 89 days in 2016 to 59 days in 2017 – the strategic ambition for 2020 achieved three years early. Consequently, Hempel saw strong cash flows again in 2017, coming in at €155 million from operating activities.

    Hempel was, therefore, able to reduce its net interest-bearing debt from € 119 million in 2016 to €21 million in 2017, equalling a ratio of 0.1 to EBITDA (0.6 in 2016). This makes Hempel a virtually debt-free company and leaves the company in a strong position to take a leading part in the consolidation of the industry. 
     
    Ready for a leading global role
    In 2017, Hempel focused successfully on optimising and investing in its functions, processes and leadership in order to continue the transformation of Hempel into a leading global coatings company and to accelerate the execution of its Journey to Excellence strategy. 
     
    “We took great strides in our transformational journey and made many important investments in building the foundation we need in order to accelerate growth. We are now ready to welcome new companies to join the Hempel family and expect acquisitions to happen in 2018,” President & CEO Henrik Andersen said.“We want to play a leading global role in the consolidation of the industry and actively drive the industry forward through new customer-focused innovative products, support and services. We are also very proud that we managed to keep our focus on transforming this great company despite the serious issues with compliance in some operating units in Asia Pacific.”
     
    Customer relations and trust
    Hempel made use of 2017 to develop its relationships with customers. Hempel’s global organisation is now much more effective and agile when working with customers, no matter where in the world they operate. Listening to customers, understanding their businesses, gaining their trust and delivering value-adding products and services that meet their needs are key to continuous success and long-term partnerships.
     
    “Customer focus and trust are key aspects of our values and the Hempel way of doing business. They are central to our identity and are now central to our brand, too. In 2017, we launched our first company-wide tagline: Trust is earned. We look forward to living up to that ambition in the years ahead,” Andersen said
     
    Hempel Sailing World Championships 2018
    In June, Hempel announced that it would be the title sponsor of the Sailing World Championships 2018 to be held in Aarhus, Denmark in July and August. The Championships are expected to draw around 1,500 sailors from 100 nations as well as over 400,000 visitors.
     
    Expectations for 2018

    Hempel expects the global marine coatings market to continue to be challenging in 2018, especially the newbuilding segment where global overcapacity is adding to the already negative trends in the industry. Despite this, Hempel anticipates positive underlying organic growth across most segments and geographies. Hempel’s EBITDA margin is expected to remain at a strong level, in line with 2017.
     
    Related Searches
    • coatings
    Suggested For You
    Protective Coatings Leader Hempel Brings Expertise to the Wind Industry Protective Coatings Leader Hempel Brings Expertise to the Wind Industry
    Top Companies Report Top Companies Report
    BCF CEO Blog: Further Consolidation in the UK Coatings Industry BCF CEO Blog: Further Consolidation in the UK Coatings Industry
    Hempel Launches Hempafire Pro Mexico, Central America and the Caribbean Hempel Launches Hempafire Pro Mexico, Central America and the Caribbean
    Hempel Acquires Insulation Coatings Technology Hempel Acquires Insulation Coatings Technology
    Hempel Launches Hempafire Pro 400 Hempel Launches Hempafire Pro 400
    Hempel CEO Lars Petersson Discusses Farrow & Ball Acquisition Hempel CEO Lars Petersson Discusses Farrow & Ball Acquisition
    Hempel Acquiring Farrow & Ball Hempel Acquiring Farrow & Ball
    Hempel Protects O2 Tidal Energy Turbine Hempel Protects O2 Tidal Energy Turbine
    Coatings World CEO Forum Part 2 Coatings World CEO Forum Part 2
    Wattyl Australia & New Zealand Officially Part of Hempel Group Wattyl Australia & New Zealand Officially Part of Hempel Group
    Hempel Opens New Campus Hempel Opens New Campus
    Karsten Munk Knudsen Nominated to Hempel A/S Board of Directors Karsten Munk Knudsen Nominated to Hempel A/S Board of Directors
    Hempel Hires David Hunter as Director of Marketing for North America Hempel Hires David Hunter as Director of Marketing for North America
    2021 CEO Forum 2021 CEO Forum

    Related Online Exclusives

    • Industrial Coatings | Paint & Coatings Manufacturer News
      Protective Coatings Leader Hempel Brings Expertise to the Wind Industry

      Protective Coatings Leader Hempel Brings Expertise to the Wind Industry

      Protective coatings provide the durability needed to ensure that wind turbines play their part in a sustainable future.
      09.22.21

    • Top Companies Report

      Top Companies Report

      Coatings World is proud to bring the industry our annual Top Companies Report
      Kerry Pianoforte, Editor 07.28.21

    • Breaking News | Paint & Coatings Manufacturer News
      BCF CEO Blog: Further Consolidation in the UK Coatings Industry

      BCF CEO Blog: Further Consolidation in the UK Coatings Industry

      U-POL was the latest, and by far largest remaining UK owned paint company.
      Tom Bowtell, British Coatings Federation CEO 07.26.21


    • Breaking News | Industrial Coatings | Paint & Coatings Manufacturer News | Product news
      Hempel Launches Hempafire Pro Mexico, Central America and the Caribbean

      Hempel Launches Hempafire Pro Mexico, Central America and the Caribbean

      Maintains the stability of steel structures in the event of a fire for up to 120 minutes to enhance building safety.
      07.12.21

    • Breaking News | Paint & Coatings Manufacturer News | Special Purpose Coatings
      Hempel Acquires Insulation Coatings Technology

      Hempel Acquires Insulation Coatings Technology

      Technology will enable Hempel to develop and launch coating products with insulating properties within the next year.
      06.01.21

    Loading, Please Wait..
    Breaking News
    • Nouryon Earns Awards from Texas Chemical Council and the Texas Chemistry Alliance
    • Śnieżka Group Earns Higher Position in ESG Ranking
    • SONGWON Appoints New Leader Business Unit Tin Intermediates / PVC
    • Cabot Corporation Achieves Platinum Rating from EcoVadis
    • BASF Closes Purchase of DOMO Chemicals’ Shares in Alsachimie JV
    View Breaking News >
    CURRENT ISSUE

    May/June 2025

    • Aerospace Coatings Market
    • Energy Curing and Coil Coatings
    • Lab/Testing Equipment Update
    • High Performance and Special Effect Pigments
    • View More >