People & Business :: Companies
Europe and Asia Drive European Earnings Growth
1:34 PM MDT | July 26, 2007 | Chemical Week Editorial Staff
McAdam: Strength in developing markets. Healthy growth in Europe and Asia drove European chemical companies’ first-quarter earnings, despite weak demand in the U.S. Ciba Specialty Chemicals reported a more than doubling in net income, to SF106 million ($87.2 million), including restructuring, impairment, and other charges. Operating income rose 23%, SF134 million, excluding special items. Sales rose 3%, to SF1.66 billion. Selling prices fell slightly, Ciba says. Plastics additives sales rose, led by strong demand in Asia, and “particularly good”...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee