Rhodia Profits Rise on Higher Prices and Stronger Volumes

Rhodia posted fourth-quarter 2007 Ebitda up 2%, to €199 million ($295 million), on sales up 4%, to €1.3 billion. The company posted net profits of €23 million, compared with a €48-million loss a year earlier. Full-year Ebitda rose 17%, to €799 million, on sales up 6%, to €5.1 billion. Full-year net profits doubled, to €131 million. Rhodia cites price increases, which more than offset higher raw material and energy costs, and stronger volumes. “In 2007, we have demonstrated that Rhodia is well-positioned to meet future...

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