AkzoNobel’s first quarter volumes above expectation with robust pricing; Europe resilient and China rebounding
Highlights Q1 2023 (compared with Q1 2022) Revenue up 5% and up 8% in constant currencies1 Pricing up 7%, more…
Category: Financial News
Evonik Q1 Profit Drops
Adjusted EBITDA down 44 percent to €409 million Earnings forecast confirmed at lower end of range Luelsdorf site successfully sold…
PPG expects first quarter financial results to exceed previous guidance; detailed financial update to be provided April 20
PPG (NYSE:PPG) today announced that first quarter 2023 adjusted earnings per diluted share (EPS) is expected to be between $1.52…
Arkema publish full-year 2022 results
· With sales of €11.5 billion, strong earnings growth in the year and excellent cash generation including the slowdown in…
BASF Group: Reporting on the 2022 business year
Sales: €87.3 billion (plus 11.1 percent) EBIT before special items: €6.9 billion (minus 11.5 percent) Cash flows from operating activities:…
AkzoNobel earnings drop on weak demand, lower volumes
Grows revenue on increased pricing, despite macro-economic headwinds impacting volumes and results. Akzo Nobel N.V. published its results for Q4…
PPG reports fourth quarter and full-year 2022 financial results
Fourth quarter highlights include: Net sales of $4.2 billion, up 5% in constant currencies driven by higher selling prices Reported…
BASF achieved solid EBIT before special items despite continued high raw materials and energy prices
Sales of €21.9 billion up 12 percent over prior-year quarter EBIT before special items of €1.3 billion down by €517 million versus prior-year quarter…
Covestro achieves EBITDA guidance despite looming recession
Group Sales rise to EUR 4.6 billion (+7.3%) EBITDA of EUR 302 million (–65.0%) Net income total EUR 12 million…
Sherwin-Williams beats estimates on strong pricing, higher volumes in the Americas
Sherwin-Williams (SW) reported third-quarter net income up 36.4% year-on-year (YOY), to $685.1 million, on net sales up 17.5%, to $6.05…
PPG reports third quarter 2022 financial results
Record third quarter net sales of $4.5 billion, up about 8% in constant currencies Organic sales growth of more than…
AkzoNobel revenue up 19% due to strong pricing, despite increased macroeconomic headwinds impacting results
Highlights Grow & Deliver (compared with Q3 2021) Revenue up 19% and 14% higher in constant currencies1, pricing up 13%…
AkzoNobel provides Q3 update following high macro-economic uncertainty
AkzoNobel provides a Q3 update as high macro-economic uncertainty - especially in Europe and China - led to near historical…
Evonik grows strongly in the first half of the year and confirms outlook for adjusted EBITDA for 2022
Adjusted EBITDA growth of 12 percent in Q2;Higher raw material, logistics and energy costs offset by product price increases;Outlook 2022:…
LANXESS with good Q2 2022 despite challenging environment
Second-quarter sales up 36.1 percent to EUR 1.999 billionEBITDA pre exceptionals up 14.5 percent year-on-year at EUR 253 millionPositive contribution…
Covestro flags heightened gas supply risks, potential production cuts
Covestro says it expects an “increasingly challenging” second half of the year and anticipates Russia’s war against Ukraine will continue…
Arkema publishes second-quarter 2022 results
Excellent quarterly results, confirming the soundness of our strategy toward Specialty Materials, and achieved in a very inflationary context.Annual guidance…
Covestro reduced earnings outlook for 2022
Covestro reduces its forecast for EBITDA, free operating cash flow (FOCF), return on capital employed over weighted average cost of…
PPG reports second quarter 2022 financial results
Record second quarter net sales of $4.7 billion, approximately 8% higher than prior yearOrganic sales growth of 8%, driven by…
BASF again with strong earnings despite continued high prices for raw materials and energy
Sales growth of 16.3 percent to €23.0 billionEBIT before special items of €2.3 billion on the level of prior-year quarterNet income of €2.1 billion…
WACKER Raises Full-Year Forecast after Another Strong Quarter
Wacker Chemie AG continued on its growth trajectory in Q2 2022. The Munich-based chemical company generated sales of €2,174.2 million…
Axalta Releases Second Quarter 2022 Results
Record pricing and strong volume growth drove a solid quarterly performance above mid-point of expectations Axalta Coating Systems Ltd. (NYSE:AXTA)…
AkzoNobel revenue up 14% despite impact of lockdowns in China and destocking in EMEA DIY channels
Highlights Grow & Deliver (compared with Q2 2021) •Revenue up 14% and 10% higher in constant currencies1, pricing up 16%•ROS2 at…
BASF Group releases preliminary figures for the second quarter of 2022
Sales expected to be €22,974 million (Q2 2021: €19,753 million), considerably above the prior-year quarter and above analyst consensusEBIT before…
AkzoNobel updates Q2 outlook based on impact of China lockdowns and slower start to the EMEA DIY season
AkzoNobel has updated its Q2 outlook based on the impact of the evolving business environment, including the effect of China…
Covestro cuts full-year results outlook on high costs, lower growth
Group sales rise to EUR 4.7 billion (+41.6%)EBITDA of EUR 806 million (+8.5%)Net income amounting to EUR 416 million (+5.9%)Free…
Axalta Releases First Quarter 2022 Results
Robust Double-Digit Sales Growth Led by Accelerating Pricing Gains; Achieved Adjusted EBIT at the Top-End of Guidance Range Axalta Coating…
Evonik signals earnings, revenue growth in first quarter; confirms 2022 outlook
Adjusted EBITDA up 25 percent at €735 millionHigher costs successfully offsetInventories increased as a precaution Evonik’s successful start to 2022…
AkzoNobel delivers double-digit revenue growth in Q1; pricing in line with raw material inflation
Highlights Grow & Deliver (compared with Q1 2021) •Revenue up 12% and 10% higher in constant currencies1, driven by strong…
LANXESS: strong start into the year – first quarter 2022 expected to exceed market expectations
Sales expected to increase by 44 percent compared to prior-year quarterExpected sales of EUR 2.432 billion exceed average market expectations…