Oxea reports earnings, sales declines for the third quarter

Oxea (Oberhausen, Germany) today reported third-quarter results, with sales and income dropping because of weak demand for oxo intermediates and derivatives. Net income fell 24%, to €16.6 million ($21.1 million), year-on-year (YOY) because of a higher selling, general, and administration expense (SG&A); lower other income; and lower net foreign-currency gains partially offset by lower income taxes, the company says. Adjusted Ebitda was €45.7 million—6% lower than the third quarter 2011. Sales were down 5%, to €364.9 million. The company...

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