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Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Economic headwinds stifle fourth-quarter results
12:32 PM MST | February 21, 2014 | CW Staff
Early-reporting European companies struggled to improve sales and earnings in the fourth quarter of 2013. Adverse currency effects and continued economic uncertainty in Europe hindered sales, although companies report signs of an upturn in several regional markets. The effects of restructuring boosted earnings at certain companies, but restructuring costs weighed on others. AkzoNobel reports increases in profits in fourth-quarter and full-year 2013 on lower sales due to adverse currency effects and divestments. Fourth-quarter net income reached €51 million...
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