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Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Specialty Chemical Firms Post Higher Profits, Sales
5:10 PM MDT | March 20, 2011 | KERRI WALSH AND ALEX SCOTT
Süd-Chemie (Munich), a producer of catalysts and adsorbents, published preliminary financial results for 2010 that show it increased Ebitda 31%, to €206.1 million ($288.1 million), on sales up 14%, to €1.2 billion, following adjustment for non-recurring items. Ebit for 2010 increased 32% to €106.8 million. Fourth-quarter figures were not disclosed. Süd-Chemie will report full-year 2010 results on March 29. Clariant in February agreed to acquire almost all of Süd-Chemie in a deal valued at €2 billion (CW, Feb. 21/28, p. 10)...
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