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Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Lower earnings reflect harsh economic conditions
7:00 AM MDT | August 9, 2013 | —CW Staff
Most of the leading Europe-based chemical manufacturers report steep declines in earnings and sales for the second quarter as challenging conditions persist in European markets, and the slowdown appears to be spreading to major emerging economies such as China and Brazil. Only companies with substantial life-science businesses such as Bayer, DSM, and Merck KGaA showed resilience against the economic headwinds, which translated into improved profits and revenues. Companies in general maintained their earnings outlook for the full year, even though they do not...
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