Sales from continuing operations increased by 2 % in local currency to CHF 1.002 billion, reflecting a broad recovery in our markets  EBITDA of CHF 164 million rose by 4 % in Swiss francs, generating a  notably improved EBITDA margin at 16.4 % (vs. 15.4 %)  Pricing actions have been initiated to offset rising raw material and logistics cost  Outlook 2021 Continuing Operations: moderate local … Continue reading Clariant to return to profitable growth, increasing both sales and profitability in the first quarter of 2021

Sales growth of 16% to €19.4 billion EBIT before special items increases 42% to €2.3 billion 2021 outlook for EBIT before special items raised to between €5.0 billion and €5.8 billion (previously: between €4.1 billion and €5.0 billion) “We were able to carry over the tailwinds from the strong fourth quarter of 2020 into the first quarter of 2021,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF, … Continue reading BASF with strong start to 2021 business year | Sales growth of 16% to €19.4 billion

Wacker Chemie AG’s Figures for Q1 2021 (unaudited) GROUP SALES FOR Q1 2021 REACH €1.36 BILLION, UP 14 PERCENT YEAR OVER YEAR AND 10 PERCENT QUARTER OVER QUARTER AT €246 MILLION, EBITDA IS UP 42 PERCENT YEAR OVER YEAR AND 26 PERCENT QUARTER OVER QUARTER, CHIEFLY DUE TO SUBSTANTIALLY HIGHER VOLUMES NET INCOME FOR Q1 AMOUNTS TO €107 MILLION NET CASH FLOW REACHES €131 MILLION … Continue reading WACKER’s Sales and Earnings to Rise in Q1 2021 | €1.36 Billion Sales for For Q1 2021

AkzoNobel (AKZA; AKZOY) today starts to repurchase common shares up to a value of €1 billion, launching the share buyback announced on February 17, 2021. Completion is due in the first quarter of 2022. The company has engaged a third party to manage the program and perform transactions on its behalf. It is intended that the shares will be cancelled following repurchase. This share buyback … Continue reading AkzoNobel to start €1 billion share buyback

First Quarter 2021 Highlights: Q1 2021 net sales increased 8.1% year-over-year to $1,063.6 million with positive contributions from all end-markets Income from operations of $52.6 million includes a significant operating charge detailed below; Adjusted EBIT increased 37.8% to $182.8 million, a record for first quarter results Diluted EPS of $0.06 versus $0.22 in Q1 2020; Adjusted diluted EPS of $0.50 versus $0.31 in Q1 2020 Cash flow from operations of $39.6 million in Q1 2021; free cash flow of $11.3 million … Continue reading Axalta to Release First Quarter 2021 Results | Q1 2021 net sales increased 8.1%

Highlights Q1 2021 – Revenue up 10% and 16% higher in constant currencies1 with strong growth in Asia – ROS2 increased to 13.6% (Q1 2020: 10.4%) – €300 million share buyback completed on April 16, 2021; €1 billion share buyback starts April 27, 2021 – Acquisition of Titan Paints in Spain completed in March 2021 Q1 2021 (compared with Q1 2020) – Revenue up 10% and 16% … Continue reading AkzoNobel to deliver 16% growth and significant step-up in profitability for Q1 2021

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Ashland is increasing prices on 1,4-Butanediol (BDO) and several derivative products as indicated below: Product Amount of increase gamma-butyrolactone (BLO®) 1.10 eur/kg n-methyl-pyrrolidone (NMP) 1.00 eur/kg 2-pyrrolidone (2-Pyrol) 1.00 eur/kg The increases apply to Europe and are effective April 1, 2021 or as agreements allow. Source: Ashland Note to readers: Please follow us on LinkedIn ,Twitter and YouTube and subscribe to our website and receive notifications of new posts by … Continue reading Ashland to increase prices for 1,4-Butanediol and derivatives in Europe

Hempel grew its revenue to EUR 1,542 million in 2020 and demonstrated strong organic growth of 3.2 per cent, despite a declining global coatings market, building on momentum from 2019. The company continued its transformation to become a stronger global company ready to accelerate growth and double the business by 2025. Key messages Strong top line growth in 2020, primarily driven by strong demand in … Continue reading Hempel to deliver strong result in an extraordinary year and announces first acquisition as part of new strategy

Evonik has achieved the financial targets it set itself in May 2020. Production and logistics have been secured worldwide and all measures to protect the workforce have been consistently implemented. For 2021 the company is back on course for growth. Targets for 2020 achieved: Adjusted EBITDA of €1.9 billion, sales of more than €12 billion Free cash flow significantly above previous year Outlook 2021: Adjusted … Continue reading Evonik to achieve the financial targets it set itself

  Sales in 2020 totaled 807,768 Million KRW•  Net profit amounted to 28,365 Million KRW for FY 2020•  In 2020, SONGWON maintained a gross profit margin of 20.3% SONGWON Industrial Group released its financial results for FY 2020. During Q4/2020, revenues recovered and amounted to 203,843 Million KRW on December 31, 2020, marking a 3.4% increase compared to the same quarter of 2019. SONGWON recorded overall consolidated sales … Continue reading SONGWON Industrial Group to report stable results for FY 2020

Rebound in volumes in the fourth quarter and solid performance during the year Rebound in the Group’s performance in the fourth quarter Sales growth of 2.1% at constant scope and currency, driven by a significant improvement in volumes (+5.2% vs Q4’19) Continued positive momentum in construction, decorative paints and batteries, and recovery seen in several industrial markets EBITDA broadly stable at €289 million (€295 million in Q4’19), supported by the … Continue reading Arkema to publish full-year 2020 results

Fourth Quarter 2020 Highlights: Q4 2020 net sales 4.6% higher than Q3 2020; decreased 2.2% year-over-year to $1,074.5 million Income from operations of $163.2 million; Adjusted EBIT of $205.4 million up 18.4% from Q4 2019 Diluted EPS of $0.30 versus $0.18 in Q4 2019; Adjusted diluted EPS of $0.58 up 38.1% versus $0.42 in Q4 2019 Cash flow from operations of $278.4 million; record free cash flow result of $256.0 million in Q4 2020 Repurchased $25.0 million of stock during Q4 2020 … Continue reading Axalta to Release Fourth Quarter and Full Year 2020 Results

Consolidated net sales for the year increased 2.6% to a record $18.36 billion and increased 9.1% in the quarter to a record $4.49 billion Net sales from stores in U.S. and Canada open more than twelve calendar months increased 2.7% in the year and 9.3% in the quarter Full year diluted net income per share increased 33.9% to $22.08 per share compared to $16.49 per … Continue reading The Sherwin-Williams to Report 2020 Year-end and Fourth Quarter Financial Results

Highlights full-year 2020 • 15.0% ROS excluding unallocated cost1, delivering on our 15 by 20 promise • ROI excluding unallocated cost2 up at 20.6%, exceeding our 2020 ambition • €243 million of cost savings, of which €115 million structural savings • Net cash from operating activities significantly increased to €1,220 million • €545 million share buyback in 2020 • €1 billion share buyback announced, to be … Continue reading AkzoNobel to deliver 15 by 20 promise and to continue strong momentum in Q4, with 6% revenue growth in comparable currencies