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Oxea Reports Decreased Sales and Net Profits

8:39 AM MDT | May 16, 2012 | Sotirios Frantzanas

Oxea (Oberhausen, Germany) says net sales and net profits decreased 1.5% and 46.3% in the first quarter of 2012, to €371.5 million ($472.7 million) and €16.1 million compared with €377 million and €30 million in the first quarter of 2011, respectively. Operating profits and adjusted Ebitda also went down 33.9% and 32.4% year over year, to €37.9 million and €44.5 million, respectively. The decreases reflect unfavorable comparisons with Oxea's strong performance in the first quarter of 2011, the company says. Oxea's...

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