Indorama Ventures Posts Record 2Q 2022 Results

Indorama Ventures Public Company Limited (IVL) reported record 2Q22 earnings as the company’s global integrated model continues to benefit from strong consumer trends and management responded effectively to market disruptions.

IVL posted a record core EBITDA of US$758 million in the second quarter, up 17% QoQ and 59% YoY. Sales revenue rose by about 11% QoQ on a same-store basis, supporting a core EBITDA margin of 14%.

The combination of strong sales and improved margins helped offset higher energy costs in the U.S. and Europe, while management leveraged the company’s leading position in local and regional markets to ensure uninterrupted customer service levels as higher crude oil prices impacted raw materials costs.

The strong second-quarter performance extends the record profit achieved in 2021 as the company’s differentiated product portfolio grows in line with long-term macro-consumer trends. Most of IVL’s products are used in daily household necessities and are resilient against short-term economic headwinds.

“IVL enjoys market leadership in each of our key business areas in industries that have stable long-term growth prospects,” said D K Agarwal, CEO of Indorama Ventures. “As we demonstrated through the peak pandemic period, our global platform’s unique attributes of resilience and growth means we can stay focused on our long-term plan while at the same time responding quickly to short-term market fluctuations such as the heightened energy costs and supply chain disruptions that have continued into 2022.”