Hexpol stock draws analyst upgrades after Q2 growth

Hexpol stock is last at EUR 8.78 on Tradegate on September 23, 2026, while the company enters the next reporting cycle after a stronger second quarter. Hexpol delivered SEK 5.28 billion in Q2 sales and adjusted EBIT of SEK 772 million, according to Yahoo Finance on July 20, 2026.

Q2 growth lifts operating profit

Sales increased 6 percent from the same quarter a year earlier, while adjusted EBIT advanced 5 percent to SEK 772 million. The adjusted EBIT margin was 14.6 percent, down 0.5 percentage points from the prior-year quarter as higher IT and personnel costs offset part of the volume benefit.

Organic growth reached 8 percent in Q2, and Thermoplastic Compounding delivered 12 percent organic growth. Hexpol said higher volumes, new customer projects and price increases helped offset rising raw-material costs, while uncertainty remained higher in North America than in Europe.

Analysts raise their targets

SEB raised its Hexpol target from SEK 100 to SEK 118 and reiterated Buy on September 23, 2026, according to MarketScreener. Kepler Cheuvreux lifted its target from SEK 90 to SEK 100 and kept Hold on the same date, also reported by MarketScreener.

The target changes reflect a market debate centered on volume recovery, margin resilience and Hexpol's ability to convert new projects into recurring sales. The Q2 figures provide a measurable base for that debate, with revenue growth and adjusted EBIT growth moving in the same direction.

Next report follows in October

Hexpol's next earnings release is scheduled for October 22, 2026, according to the company calendar reproduced by Affärsvärlden. That report will test whether the second-quarter volume pattern continued into the next period.

Hexpol's primary listing is on the Stockholm Stock Exchange. Its latest primary-market quote was SEK 97.05 on September 30, 2026, with a 52-week range of SEK 66.80 to SEK 99.50 and market capitalization of SEK 33.4 billion.