Economic headwinds stifle fourth-quarter results

February 2014
Chemical Week;2/17/2014, Vol. 176 Issue 5, p15
Trade Publication
The article reports that some European chemical companies posted poor earnings and sales performances in the fourth quarter of 2013. It reports that the poor results have been attributed to adverse currency effects and regional economic uncertainty. It mentions that AkzoNobel posted increases in profits, although sales declined. It also reports that Kemira posted a fourth quarter net loss of 48.7 million euros and a revenue drop of two percent, mainly due to unfavorable exchange rates.


Related Articles

  • AkzoNobel warns of tough year as Q1 beats.  // Paintindia;May2012, Vol. 62 Issue 5, p143 

    The article reports on the financial performance of paints manufacturer and Dulux brand owner AkzoNobel NV for the first quarter (Q1) of 2012 with earnings before interest, tax and depreciation (EBITDA) of 423 million euros, net profit of 70 million euros, and revenue of 3.97 billion euros.

  • Akzo Nobel posts €1.1bn loss.  // DIY Week;3/6/2009, p3 

    The article reports on an annual loss posted by Dutch chemicals company Akzo Nobel in 2008. Akzo said in its 2008 report and results for the fourth-quarter that it had taken a noncash impairment charge of €1.2 billion after tax covering the value of ICI intangibles. It is also explained in...

  • Supplier news.  // PPI Pulp & Paper Week;7/11/2014, Vol. 36 Issue 26, p9 

    The article reports on the preliminary agreement of chemicals company Kemira Oyj to acquire global paper chemicals business of specialty chemicals company Akzo Nobel NV in a €53 million deal which is expected to close in the first quarter of 2015.

  • Akzo Nobel NV reports $3.11B loss in third quarter.  // Paintindia;Nov2012, Vol. 62 Issue 11, p165 

    The article reports on the 3.11 billion dollars in net loss posted by AkzoNobel during the third quarter of 2012.

  • AKZONOBEL WRITES DOWN FORMER ICI ASSETS, POSTS A BIG FOURTH-QUARTER NET LOSS. Young, Ian // Chemical Week;3/2/2009, Vol. 171 Issue 6, p6 

    This article states that AkzoNobel has reported a net loss of €1.5 billion for the fourth quarter of 2008, compared with a €56-million profit in the year-earlier period. The loss includes an impairment charge of €1.2 billion covering a write-down of the former ICI decorative...

  • AkzoNobel Posts a First-Quarter Net Loss.  // Chemical Week;4/20/2009, Vol. 171 Issue 11, p5 

    This article states that AkzoNobel posted a net loss of € 7 million for the first quarter of 2009 compared with a € 105-million net profit in the first quarter of 2008, on sales down 13%, to € 3.3 billion. AkzoNobel's first-quarter operating profits from continuing operations...

  • KEMIRA BUYS AKZONOBEL COAGULANTS BUSINESS. Young, Ian // Chemical Week;9/28/2009, Vol. 171 Issue 24, p16 

    The article reports that Kemira, a market leader in coagulants, has agreed to acquire AkzoNobel's iron coagulant sales and supply business in Denmark, Norway and Sweden. According to the article, AkzoNobel supplies about 20% of the Swedish iron coagulant market and with the acquisition, Kemira...

  • Akzo Nobel buys Swedish chelates.  // Chemical Week;3/1/1995, Vol. 156 Issue 8, p6 

    Reports on Akzo Nobel's acquisition of the Swedish-based chelates and micronutrients businesses of Kemira and Grace. Combined sales of Kemira and Grace; Products.

  • Kemira Oyj reinforces its global leadership position in pulp and paper chemicals by acquiring AkzoNobel's paper chemical business.  // Chemical Business;Jul2014, Vol. 28 Issue 7, p69 

    The article reports on chemical company Kemira Oyj's agreement to acquire the global paper chemicals business of Akzonobel, with distribution agreement between the two companies for Akzonobel's colloidal silica business for retention and drainage applications for the paper industry.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics