IHS Chemical Week

Tessenderlo issues profit warning

11:36 AM MDT | August 30, 2013

Tessenderlo Group on Thursday issued a profit warning, blaming competition at its Akiolis food waste processing operation in France and farmers not investing in fertilizers. Tessenderlo says recurring Ebitda (Rebitda) would be about 20% below last year's result. The company reports a loss of €36.2 million ($47.9 million) in the second quarter, which compares with a loss of €15.3 million in the year-earlier period. Rebitda was down 12%, at €49 million. Sales rose 7.5%, to €542.4 million, on a portfolio comparable basis. Tessenderlo says Rebitda in the...

Access is for Chemweek 24/7 PLUS Members ONLY

This information is only available to Chemweek 24/7 PLUS members who have subscribed to Chemweek’s Business Daily. If you are a member, please log in, OR if you have a trial membership, please use your trial membership account information. 


Forgot your user ID or password? Click here to have it sent to you.



If you are not yet a subscriber and would like to access the turnkey information found only in Chemweek’s Business Daily, subscribe now and you’ll get the most important news of the chemical industry delivered directly to your inbox—every day.

Sign up for a FREE 15-day trial of IHS Chemical Week Business Daily

contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2014 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa