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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Leading companies battle to boost sales, earnings

6:53 AM MDT | March 21, 2014 | CW Staff

The fourth-quarter 2013 results of leading Europe-based companies reflect continued uncertainty in European and overseas economies as well as financial challenges, such as unfavorable currency movements and price pressure. Exceptional items, including restructuring charges, weighed on a number of companies’ earnings, but chemical producers say that the benefits of their restructuring programs, together with improved market conditions, should be more visible in their 2014 results. Evonik Industries reports a 63% drop in fourth-quarter net income, to...

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