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Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Leading companies battle currency headwinds
7:01 AM MDT | August 1, 2014 | —Natasha Alperowicz and Ian Young
Leading Europe-based companies struggled to maintain sales and profits in the second quarter of 2014 because of the relative strength of the euro against other major currencies. Companies have reported improved volumes, however, as the economy recovers gradually and say that restructuring measures are supporting earnings. The companies confirm their full-year earnings guidance but warn that the upturn remains fragile. BASF reports a 12.3% increase in second-quarter net income, to €1.30 billion ($1.70 billion), on 0.6% higher sales of €18.5 billion...
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