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 operating cash flow of EUR 17 million (–94.7%) Further steps toward a circular economy and climate neutrality Reduced earnings outlook for 2022 Covestro has had a successful start to fiscal year 2022 and benefited from continuing buoyant demand in the first three … Continue reading Covestro cuts full-year results outlook on high costs, lower growth

Robust Double-Digit Sales Growth Led by Accelerating Pricing Gains; Achieved Adjusted EBIT at the Top-End of Guidance Range Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”), a leading global coatings company, announced its financial results for the first quarter ended March 31, 2022. First Quarter 2022 Highlights: Net sales increased 10.4% year-over-year (13.4% ex FX) led by accelerating pricing gains in every end-market and a solid global demand … Continue reading Axalta Releases First Quarter 2022 Results

Adjusted EBITDA up 25 percent at €735 million Higher costs successfully offset Inventories increased as a precaution Evonik’s successful start to 2022 significantly exceeded capital market expectations. Based on preliminary figures, which Evonik is reporting today, adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) rose to €735 million in the first quarter. The analyst consensus was approximately €652 million. “Across all divisions, we … Continue reading Evonik signals earnings, revenue growth in first quarter; confirms 2022 outlook

Highlights Grow & Deliver (compared with Q1 2021) •Revenue up 12% and 10% higher in constant currencies1, driven by strong pricing (up 17%)•ROS2 at 9.1% (2021: 13.6%), resulting from continued raw material and freight costs inflation and supply constraints•Adjusted EBITDA at €317 million (2021: €391 million)   Highlights Q1 2022 (compared with Q1 2021)  •Pricing initiatives more than offset the increase of raw material and other variable … Continue reading AkzoNobel delivers double-digit revenue growth in Q1; pricing in line with raw material inflation

Sales expected to increase by 44 percent compared to prior-year quarter Expected sales of EUR 2.432 billion exceed average market expectations by 8.5 percent Growth of EBITDA pre exceptionals of 32 percent expected compared to prior-year quarter Expected EBITDA pre exceptionals of EUR 320 million around 7 percent above average market expectations Specialty chemicals company LANXESS expects both EBITDA pre exceptionals and sales for Q1 … Continue reading LANXESS: strong start into the year – first quarter 2022 expected to exceed market expectations

Sales expected to be €23,083 million (Q1 2021: €19,400 million), considerably above the prior-year quarter and slightly above analyst consensus EBIT before special items expected to be €2,818 million (Q1 2021: €2,321 million), considerably above the prior-year quarter and considerably above analyst consensus EBIT expected to be €2,785 million (Q1 2021: €2,311 million), considerably above the prior-year quarter and considerably above analyst consensus Net income expected … Continue reading BASF Group releases preliminary figures for first quarter of 2022

Sales up 23.8 percent year-on-year at EUR 7.557 billion EBITDA pre exceptionals increase 17.2 percent to EUR 1.010 billion Dividend proposal for fiscal year 2021: EUR 1.05 per share CEO Matthias Zachert: “We promised and delivered a year of growth in 2021.” Significant earnings increase also expected for fiscal year 2022 – unforeseeable impact of war in Ukraine not considered LANXESS closed fiscal year 2021 … Continue reading LANXESS significantly increases sales and earnings in fiscal year 2021

Sales, adjusted EBITDA and free cash flow all increased more than 20 percent in 2021 compared with the previous year. Annual adjusted EBITDA rises 25 percent to €2.38 billion  Outlook 2022: Adjusted EBITDA to increase to between €2.5 billion and €2.6 billion Leadership structure: Evonik is becoming more diverse After a very successful year in 2021, Evonik expects further growth in 2022. “We achieved really … Continue reading Sustainable and profitable: Evonik keeps growing

New holistic sustainability strategy goes beyond Evonik’s product portfolio Evonik addresses seven handprint effects to benefit the entire value chain ‘Sustainability goes deeper than the surface’ approach focuses on formulation and final product  Sustainability in the coatings and inks industry is often reduced to “bio-based solutions.” However, to evaluate a coating’s true environmental impact, many more aspects need to be considered than only assessing if … Continue reading Evonik supports its customers to make more sustainable coatings and inks

The Sherwin-Williams Company announced its financial results for the year and fourth quarter ended December 31, 2021. All comparisons are to the full year and fourth quarter of the prior year, unless otherwise noted. SUMMARY Consolidated net sales increased 8.6% in the year to a record $19.94 billion Net sales from stores in U.S. and Canada open more than twelve calendar months increased 6.0% in the year Raw material availability issues … Continue reading The Sherwin-Williams Reports 2021 Year-End and Fourth Quarter Financial Results

Record fourth quarter net sales of about $4.2 billion, about 12% higher than prior year Organic sales growth of nearly 4%, led by higher selling prices Reported earnings per diluted share (EPS) of $1.12 and adjusted EPS of $1.26 Continuing supply disruptions and increased manufacturing interruptions negatively impacted sales and operating costs Raw material cost inflation up 30% year over year in the fourth quarter … Continue reading PPG Reports Fourth Quarter and Full-Year 2021 Financial Results

Sales up 33.5 percent year-on-year at EUR 1.951 billion EBITDA pre exceptionals increase 44.0 percent to EUR 278 million Earnings increase in all segments – Specialty Additives and Engineering Materials particularly strong Increased raw material prices successfully passed on, but rising energy prices and high freight costs weigh on earnings EBITDA pre exceptionals for 2021 expected to be at the lower end of the guided … Continue reading LANXESS with strong third quarter of 2021 | Sales up 33.5 percent year-on-year at EUR 1.951 billion

Sales rise 33 percent in third quarter, adjusted EBITDA gains 24 percent Company expects adjusted EBITDA of about €2.4 billion for full year Free cash flow outlook raised to about €1 billion for 2021 After a strong third quarter, Evonik is making its earnings forecast for the current year more precise. The company now expects adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) … Continue reading Evonik’s 2021 earnings expected at top end of forecast range

Third quarter 2021 sales from continuing operations increased by 23 % in local currency to CHF 1.096 billion Third quarter continuing operations EBITDA at CHF 180 million Third quarter 2021 EBITDA margin increased to 16.4 % versus 14.2 % in the third quarter of 2020  Outlook 2021: increased local currency sales growth of 9 % – 11 % and a confirmed EBITDA margin range of … Continue reading Clariant significantly increased profitability in the third quarter of 2021 on the back of double-digit sales growth

GROUP SALES FOR Q3 2021 REACH €1.66 BILLION, UP 40 PERCENT YEAR OVER YEAR EBITDA MORE THAN DOUBLES YEAR OVER YEAR TO €434 MILLION AMID SIGNIFICANTLY HIGHER VOLUMES AND IMPROVED PRICES NET INCOME FOR Q3 AMOUNTS TO €249 MILLION AT €426 MILLION, NET CASH FLOW IS UP 44 PERCENT YEAR OVER YEAR FULL-YEAR FORECAST FOR 2021 CONFIRMED: WACKER EXPECTS GROUP SALES OF AROUND €6 BILLION … Continue reading WACKER to End Q3 2021 With Strong Sales And Earnings Growth

Considerable sales growth of 42% to €19.7 billion EBIT before special items increases significantly to €1.9 billion 2021 outlook for sales raised to between €76 billion and €78 billion and for EBIT before special items to between €7.5 billion and €8.0 billion BASF Group’s strong business development continued in the third quarter of 2021. Demand for BASF’s products remained solid over the summer months. “This enabled us to continue to grow … Continue reading BASF with continued strong performance in Q3 2021 | Considerable sales growth of 42% to €19.7 billion