Financial News

  • ALTANA Achieves Sales Increase and Leap in Earnings in 2016

    March 20, 2017
    Specialty chemicals group ALTANA concluded the 2016 fiscal year with an increase in sales and a leap in earnings. Sales rose by 1 percent to €2,075 million. Adjusted for acquisition and exchange rate effects, sales grew by 2 percent compared to…


  • Axalta Coating Systems to Increase Prices in Greater China

    March 14, 2017
    Axalta Coating Systems will introduce price increases for customers in greater China in response to a substantial increase in the costs of raw materials. Price increases will affect certain refinish and industrial coatings customers and select light…


  • Werner Maenen Appointed Managing Director of Shamrock Technologies BVBA

    March 13, 2017
    Shamrock Technologies, Inc. has appointed Werner Maenen managing director for Shamrock Technologies, BVBA. His new functions include oversight and management of operations, key functions and business. Shamrock president, Al Pape says “This r…


  • BASF: Sales, Earnings in 4th Quarter Considerably Above Prior-Year Quarter

    February 24, 2017
    In 2016, BASF achieved the growth and earnings goals it set for itself. The chemicals business grew successfully and profitability improved further. As expected, earnings in Oil & Gas did not match the previous year’s level. “As the y…


  • Sika Achieves Record Results in 2016, Strategic Targets Raised

    February 24, 2017
    The Sika success story continued in 2016, another record year. In local currencies, sales increased by 5.5% to CHF 5,747.7 million. Growth momentum coupled with disciplined cost management led to new record figures of CHF 795.3 million (+18.1%) for t…


  • Covestro Achieves Record Year

    February 20, 2017
    2016 was a record year for materials manufacturer Covestro. Driven by demand for innovative materials, the Group’s core volumes increased by 7.5%. With greater capacity utilization across its plants, adjusted EBITDA surged by 22.7% above the 20…


  • Clariant Significantly Increases Operating Cash Flow, Grows Sales and Profitability in 2016

    February 16, 2017
    Clariant has announced full year 2016 sales of CHF 5.847 billion compared to CHF 5.807 billion in 2015. This corresponds to a 2 % growth in local currency driven by higher volumes. For the full year, local currency growth was strongest in Asia and…


  • AkzoNobel Publishes Q4 and Full-year 2016 Results

    February 15, 2017
    Volume growth and record profitability in 2016 AkzoNobel Full-year: Delivering on our strategy with volume growth and record profitability in 2016 Volume growth in Decorative Paints and Specialty Chemicals; flat in Performance Coatings Reven…


  • AkzoNobel Announces Share Repurchase

    February 14, 2017
    AkzoNobel has repurchased 142,000 of its own ordinary shares in the period from February 6, 2017 up to and including February 11, 2017, at an average price of €63.90 per share. The consideration of the repurchase was €9.07 million. This…


  • Axalta Releases Fourth Quarter and Full Year 2016 Results

    February 9, 2017
    Axalta Coating Systems Ltd. has announced its financial results for the fourth quarter and full year ended December 31, 2016. “Axalta’s 2016 financial period ended on a strong note, with fourth quarter net sales and operating performan…


  • Bühler Invests and Grows

    February 8, 2017
    Bühler showed a healthy performance in 2016. While continuing its policy of reinvesting profits to secure future development, the company has continued its growth path. Order intake in 2016 was up 3% to CHF 2.54 billion, compared to a decline of…


  • Axalta Schedules Fourth Quarter and Full Year 2016 Results Conference Call

    January 25, 2017
    Axalta Coating Systems Ltd. will host a conference call to review its fourth quarter and full year 2016 financial results at 8:00 a.m. EST on Wednesday, February 8, 2017. Charles W. Shaver, Chairman and Chief Executive Officer, and Robert W. Bryant,…


  • Asian Paints Announces Q3-FY17 Financial Results

    January 23, 2017
    Asian Paints Ltd. has announced its financial results for the quarter and nine months ended December 31, 2016. “The decorative business segment in India registered low single digit growth in the quarter with demand impacted to a certain exte…


  • AkzoNobel Announces Share Repurchase

    January 23, 2017
    AkzoNobel has repurchased 164,000 of its own ordinary shares in the period from January 16, 2017 up to and including January 20, 2017, at an average price of €61.29 per share. The consideration of the repurchase was €10.07 million. This…


  • H.B. Fuller Reports Fourth Quarter 2016 Results

    January 20, 2017
    H.B. Fuller Company has reported financial results for the fourth quarter that ended December 3, 2016. Note that the 2016 fiscal year had 53 weeks of activity while fiscal years 2015 and 2017 are each the normal 52 weeks in length. Items of Not…