Please wait.'

Page is loading'


Home  > Markets & companies  > Cognis announces first quarter results 2009

Thursday, 04 June 2020
pdf
Markets & companies

Cognis announces first quarter results 2009

Wednesday, 27 May 2009

Compared to last year’s Q1 results, Cognis’ sales volumes have declined.

In the first three months of 2009, in what was an extremely difficult market environment, global specialty chemicals supplier Cognis saw its sales volumes decline by about 18 % in comparison to the first quarter of 2008. The business unit Functional Products achieved sales of EUR 201 million, representing a fall of 16.1 % (down 16.9 % on an organic basis). Compared to the fourth quarter of 2008, the decline in volumes was much lower at 5 %. Businesses related to the mechanical engineering, housing and automotive sectors such as Coatings & Inks and Synlubes were particularly affected by the economic downturn.

"The trading environment remains highly uncertain and volatile," says Cognis CEO Antonio Trius. "We expect our cost-saving measures to counteract lower sales." Source: Cognis GmbH
"The trading environment remains highly uncertain and volatile," says Cognis CEO Antonio Trius. "We expect our cost-saving measures...
top of page
Comments (0)
Add Comment

Post comment

You are not logged in

register