EnergyWatch

Hempel continues acquisition hunt after challenging year

Coating producer Hempel has had a challenging year on account of Covid-19, though its top line still improved. 2021 began with a new strategy and acquisition, which is the first step toward an ambitious goal to double its revenue.

Photo: PR-FOTO

If coating producer Hempel's Chief Executive, Lars Petersson, had, last year, been offered the opportunity to present an annual result like the one the group presented on Tuesday, he would have accepted the offer.

For Hempel, like many others, 2020 was a challenging year with great uncertainty and low visibility for management teams. Still, Hempel delivers 3.2 percent in organic growth and bags a revenue of EUR 1.54bn; and although the operating result is a tad poorer than in the year before, Petersson is satisfied with the result.

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