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
MacGregor to deliver electric cranes for Vertom’s multipurpose India built vessels
(Posted on 15/05/25)MacGregor has secured an order from the Vertom group, a Netherlands-based shipowner and maritime service... Read more
Berg Propulsion strengthens ties with Jiangsu Dajin
(Posted on 15/05/25)Strengthening ties between Berg Propulsion and China’s Jiangsu Dajin Industry Co. Ltd have been... Read more
Sicilian port operator adds strongest Konecranes Gottwald MHC
(Posted on 15/05/25)The Fratelli Fazio Group has ordered a Konecranes Gottwald ESP.9 Mobile Harbour Crane which is the first... Read more
Liebherr Connect to link people, cranes and digital environment
(Posted on 07/05/25)Liebherr Connect is changing the way people, machines and the environment are connected. With broadly... Read more
Dualog sets a new standard for maritime email
(Posted on 07/05/25)Dualog has announced a significant update to its email solution: individual corporate email accounts... Read more
Naples cargo operator invests in energy-efficient Konecranes Gottwald MHC
(Posted on 01/05/25)Magazzini Generali Silos Frigoriferi (MGSF), part of the Klingenberg Group, has ordered a Konecranes... Read more
FuelEU Maritime compliance strategy is commercial priority, says OceanScore
(Posted on 28/04/25)FuelEU Maritime represents a strategic headache for shipping companies on the same level as its technical... Read more
Wärtsilä upgrade to deliver emissions savings for Ulusoy bulk carriers
(Posted on 22/04/25)Technology group Wärtsilä will upgrade the Wärtsilä RT-flex main engines... Read more
Steelpaint secures major order for application on 39 bulk vessels
(Posted on 22/04/25)German coatings firm Steelpaint GmbH has secured a major order to supply its specialist Stelpant... Read more
BAR Technologies' WindWings a practical solution
(Posted on 15/04/25)In the wake of the International Maritime Organization's (IMO) Marine Environment Protection Committee... Read more
