Regions :: Western Europe
Borealis Fourth-Quarter Net Income Falls
10:57 AM MDT | March 18, 2008 | Chemical Week Editorial Staff
Garrett: Challenging conditions ahead. Borealis says that fourth-quarter 2007 net income fell 42%, to €58 million, on sales up 13%, to€1.6 billion. Operating income decreased 74%, to €28 million. “There are signs of more challenging business conditions ahead,” but improved cost controls should position Borealis well to face a more volatile market, says CEO and chairman Mark Garrett, who took the helm at Borealis earlier this year, replacing John Taylor, who...
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