IHS Chemical Week

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

Leading firms struggle to maintain profits and sales

7:12 AM MST | November 8, 2013 | —CW staff

Leading Europe-based companies posted a mixed set of financial results for the third quarter. Most firms report lower sales, reflecting continued tough economic conditions in Europe and worldwide as well as adverse currency effects, but a number of companies achieved higher earnings. Companies posting improved profits include those with significant life science businesses, such as BASF, Bayer, and DSM, as well as companies implementing major cost-cutting programs, such as AkzoNobel. Other firms recorded steep falls in profits due to challenging conditions in key...

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