08.02.21
Kgs. Lyngby, Denmark
www.hempel.com
PRIVATE COMPANY; YEAR ESTABLISHED: 1915
REVENUE: $1.785 billion s (2019: $1.721 billion)
MARKETS SERVED
Architectural; Marine and Protective coatings; Container coatings; Yacht coatings; Decorative coatings
KEY EXECUTIVES:
Lars Petersson, group VP and CEO; Michael Hansen, EVP and chief commercial officer; Lars Jønstrup Dollerup, group VP and CFO; Pernille Fritz Vilhelmsen EVP and Chief People and Culture Officer; and Katarina Lindström, EVP and COO.
Protective coatings supplier Hempel employs approximately 6,200 people, is present in more than 80 countries and has 28 factories, 14 R&D centers and more than 150 stock points around the globe.
Hempel grew its revenue to $1.785 billion in 2020 and demonstrated strong organic growth of 3.2%, despite a declining global coatings market, building on momentum from 2019. The company continued its transformation to become a stronger global company ready to accelerate growth and double the business by 2025.
Despite uncertainty and disruption across regions and markets due to the COVID-19 pandemic, Hempel demonstrated agility and clear priorities concerning the safety of employees, timely and high-quality support to customers, as well as financial robustness to protect future investments. The company had an EBITDA margin of 10.1 percent, including investments in its supply chain in China.
“I am very satisfied with our achievements last year as we managed to deliver a strong performance during unprecedented times. We have now seen organic growth for six quarters in a row and been able to reduce our debt further. This puts us in a strong position for the coming years,” says Lars Petersson, group president and CEO of Hempel.
In particular, 2020 was a strong year for the Marine segment, especially in the Asia Pacific, with many vessels coming into dry dockings for scheduled maintenance. Its leading hull coating, Hempaguard X7, completed 2,000 applications. Since its launch in 2013, it has reduced the combined fuel consumption by 7.6 million tons and lowered vessels’ CO2 emissions by 23.5 million tons.
In the Decorative segment, growth exceeded Hempel’s expectations. This was primarily driven by strong demand in the do-it-yourself markets in the UK and in Germany.
During 2020, Hempel held ground-breaking ceremonies for two large new factories in China, showing its commitment to the region, and finalized its new factory in Saudi Arabia – a combined investment of €49 million during the year and €169 million in total.
www.hempel.com
PRIVATE COMPANY; YEAR ESTABLISHED: 1915
REVENUE: $1.785 billion s (2019: $1.721 billion)
MARKETS SERVED
Architectural; Marine and Protective coatings; Container coatings; Yacht coatings; Decorative coatings
KEY EXECUTIVES:
Lars Petersson, group VP and CEO; Michael Hansen, EVP and chief commercial officer; Lars Jønstrup Dollerup, group VP and CFO; Pernille Fritz Vilhelmsen EVP and Chief People and Culture Officer; and Katarina Lindström, EVP and COO.
Protective coatings supplier Hempel employs approximately 6,200 people, is present in more than 80 countries and has 28 factories, 14 R&D centers and more than 150 stock points around the globe.
Hempel grew its revenue to $1.785 billion in 2020 and demonstrated strong organic growth of 3.2%, despite a declining global coatings market, building on momentum from 2019. The company continued its transformation to become a stronger global company ready to accelerate growth and double the business by 2025.
Despite uncertainty and disruption across regions and markets due to the COVID-19 pandemic, Hempel demonstrated agility and clear priorities concerning the safety of employees, timely and high-quality support to customers, as well as financial robustness to protect future investments. The company had an EBITDA margin of 10.1 percent, including investments in its supply chain in China.
“I am very satisfied with our achievements last year as we managed to deliver a strong performance during unprecedented times. We have now seen organic growth for six quarters in a row and been able to reduce our debt further. This puts us in a strong position for the coming years,” says Lars Petersson, group president and CEO of Hempel.
In particular, 2020 was a strong year for the Marine segment, especially in the Asia Pacific, with many vessels coming into dry dockings for scheduled maintenance. Its leading hull coating, Hempaguard X7, completed 2,000 applications. Since its launch in 2013, it has reduced the combined fuel consumption by 7.6 million tons and lowered vessels’ CO2 emissions by 23.5 million tons.
In the Decorative segment, growth exceeded Hempel’s expectations. This was primarily driven by strong demand in the do-it-yourself markets in the UK and in Germany.
During 2020, Hempel held ground-breaking ceremonies for two large new factories in China, showing its commitment to the region, and finalized its new factory in Saudi Arabia – a combined investment of €49 million during the year and €169 million in total.