Sailors SocietyVan AalstCimbriaBühler GmbHTMS Awards 2023Vigan
  • Geneva Dry
  • Van Aalst
  • TBA Group
  • Sailors Society
  • Port of South Louisiana
  • Telestack

Hempel’s strong result in extraordinary year

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

OrbitMI launches enhanced Data-as-a-Service for dry bulk

(Posted on 22/07/24)

OrbitMI has announced the launch of its latest Data-as-a-Service (DaaS) offering, tailored specifically... Read more


Flexicon marks 50 years

(Posted on 22/07/24)

Flexicon Corporation, a privately-held firm and world leader in bulk handling equipment and systems,... Read more


Siwertell ship loader order for high-capacity fertilizer handling

(Posted on 16/07/24)

Bruks Siwertell has secured an order for a Siwertell ship loader type-1A from Libyan Fertilizer Company... Read more


ECOsubsea invests in Singapore with NOK 35m from Innovation Norway

(Posted on 16/07/24)

It is a climate and environmental problem that ship hulls are not cleaned often and gently. After being... Read more


ECOsubsea invests in Singapore with NOK 35m from Innovation Norway

(Posted on 16/07/24)

It is a climate and environmental problem that ship hulls are not cleaned often and gently. After being... Read more


Berge Neblina sets sail with four carbon-saving rotor sails

(Posted on 12/07/24)

Berge Bulk has announced the successful installation of four emissions-reducing rotor sails on Berge... Read more


Wärtsilä simulators to support Singapore's Wavelink Maritime Institute

(Posted on 12/07/24)

Technology group Wärtsilä has supplied its new dual-fuel engine simulator technology for Wavelink... Read more


Oulu extends cargo handling with Konecranes Gottwald

(Posted on 04/07/24)

The Finnish Port of Oulu has ordered a Konecranes Gottwald ESP.7 Portal Harbor Crane to improve cargo... Read more


Intergis adds flexibility in South Korea with Konecranes Gottwald Gen 6 MHC

(Posted on 28/06/24)

Intergis Co., Ltd ordered a Konecranes Gottwald ESP.5 Mobile Harbour Crane to improve its bulk and general... Read more


Live freight rate visibility across routes and maturities

(Posted on 28/06/24)

AXSMarine, a pioneer and market leader in the provision of advanced solutions and market intelligence... Read more


Port of StocktonTelestackTBA GroupGeneva DryPort of South Louisiana
  • Vigan
  • Bühler GmbH

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping