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

Tough market conditions dent results for the second-quarter

6:37 AM MDT | July 29, 2013 | —Natasha Alperowicz

The second-quarter results of early reporting chemical companies headquartered in Europe reflect stubbornly tough conditions in European markets and in other parts of the world. BASF posted lower quarterly profits and said that meeting the company’s full-year financial targets would be more difficult than previously thought. AkzoNobel reports declines in operating profit, Ebitda, and sales and confirmed previously announced plans to accelerate its restructuring program. BASF reports a 4.2% decline in second-quarter net income compared with the corresponding...

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