Hempel’s strong result in extraordinary year
(Posted on 05/03/21)
Hempel grew its revenue to EUR 1,542 million in 2020 and demonstrated strong organic growth of 3.2 per cent, 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.
2020 was a strong year for the Marine segment, especially in Asia Pacific with many vessels coming into dry dockings for scheduled maintenance. Hempel’s 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 tonnes and lowered vessels’ CO2 emissions by 23.5 million tonnes.
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. With an EBITDA margin of 10.1 per cent, including extraordinary high investments in our supply chain in China, this was a satisfactory result. “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 & CEO of Hempel and continues, “I would like to personally thank all my colleagues for a truly outstanding performance under very difficult circumstances.”
As a world-leading supplier of trusted coating solutions, Hempel is a global company with strong values, working with customers in the decorative, marine, infrastructure and energy segments.
Latest News
Electric Liebherr portal crane strengthens Baria Serece, Vietnam
(Posted on 04/12/25)Precision meets progress at Phu My Port, Vietnam. The LPS 550 has been deployed to handle bulk commodities... Read more
bound4blue targets Asian growth with new production capabilities
(Posted on 02/12/25)bound4blue, a global leader in wind propulsion systems, has expanded its industrial footprint in Asia... Read more
DNV: Methanol as marine fuel at high readiness level
(Posted on 02/12/25)As the industry explores multiple decarbonisation pathways, methanol is gaining attention as a practical... Read more
Repeat Aasen bulk carrier order emphasises Wärtsilä hybrid strength
(Posted on 24/11/25)Technology group Wärtsilä will supply an integrated hybrid propulsion system for a bulk carrier... Read more
Superior bring big iron and bigger ideas
(Posted on 24/11/25)Superior Industries, Inc., a US-based manufacturer and global supplier of bulk material processing and... Read more
ESL connectivity upgrade enables smarter operations and supports crew wellbeing
(Posted on 15/11/25)ESL Shipping has taken a significant step forward in digitalisation by deploying a new multichannel... Read more
Junma partnership results in expansion and new orders for CMT
(Posted on 15/11/25)Condition Monitoring Technologies (CMT) has deepened its presence across Asia’s most influential... Read more
Contract signed for world’s largest battery-powered bulk carrier
(Posted on 10/11/25)After delivering its first full-scale seagoing project last week, Wattlab signed a contract at Europort... Read more
New Steelpaint contract with Germany’s inland waterways
(Posted on 10/11/25)Steelpaint GmbH has reported strong growth in orders for corrosion protection coatings on Germany&rsquo... Read more
Damen delivers Combi Freighter to Reederei Gerdes in Vietnam
(Posted on 04/11/25)Damen Shipyards Group has delivered its latest Combi Freighter (CF) 3850 to family owned German shipping... Read more
