Ineos Reports Weaker Ebitda, Citing Inventory Losses and Lower Demand

Ineos says that, "based on unaudited management information," the company's Ebitda was €308 million ($374.2 million) in the second quarter of 2012, down from €576 million in the year-earlier quarter and €465 million in the previous quarter. Sales were not disclosed. The comparisons exclude the company's refining business, which it divested in July 2011. "After a fairly strong April, the impact of steeply declining oil prices during the quarter adversely affected May and June's historical cost results," Ineos says...

This information is only available to Chemical Week subscribers.

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

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers