Hempel delivers solid 2021 full-year results and embeds ambitious sustainability framework

Hempel grew its revenue in 2021 to EUR 1.8 billion.

Hempel continued its growth trajectory in 2021, ending the year with 5.9 per cent organic growth, following ten consecutive quarters of organic growth. Total growth was 15.1 per cent, despite supply chain challenges across the coatings industry. The 5.9 per cent organic growth was the highest in more than ten years, driven by strong performance in the Marine and Infrastructure segments, and stronger than expected in the face of unprecedented raw material cost increases and shortages. EBITDA was EUR 203 million, resulting in a stable EBITDA margin of 11.4 per cent, in line with outlook.

Strong growth of 15.1 per cent, with all customer segments reporting positive revenue growth

Highest organic growth in ten years of 5.9 per cent, with ten consecutive quarters of organic growth

Satisfactory and stable EBITDA margin of 11.4 per cent with EBITDA of EUR 203 million

Two major strategic acquisitions in first full year of its Double Impact strategy

Hempel embeds its ESG/Sustainability framework and launches CO₂ reduction targets in line with the Science Based Targets initiative 1.5°C pathway

Hempel coatings enable marine customers to reduce CO2 emissions by 4.5 million tonnes, an increase of 25 per cent since 2020.