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Specialty Chemicals – Overview


  • Revenue increased 6 percent, due to margin management, the Boxing Oleochemicals acquisition and currency effects
  • Volumes in most businesses slowed down during the quarter and customer ordering patterns became more cautious
  • EBITDA margin improved to 17.8 percent (2011: 16.3 percent), based on improved margins and continued cost restructuring

Specialty Chemicals margins improved due to positive price/mix developments and currency effects. These stronger margins, combined with cost control and continued restructuring, are compensating for weaker demand – volumes in the quarter remained 2 percent below the previous year. All businesses performed strongly and earnings and margins increased compared with 2011, except for Functional Chemicals, which remained impacted by the supply/demand imbalance in Ethylene Amines. Surface Chemistry and Pulp and Performance Chemicals increased their earnings substantially compared with last year, while Industrial Chemicals also performed well. Despite difficult domestic market conditions, Chemicals Pakistan was able to improve its profitability.

Revenue development Q2 2012

Specialty Chemicals – Revenue development Q2 2012 (bar chart)
Specialty Chemicals – Brands (logos)
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