Volume 92 Issue 9 | p. 11 | News of The Week
Issue Date: March 3, 2014 | Web Date: February 28, 2014

European Firms Feel The Squeeze

Earnings: Chemical firms struggle to recapture sales, earnings growth
Department: Business
Keywords: financial, performance, Europe

Just-released financial results for 2013 show that key European chemical companies are still struggling to reestablish profit growth after the worldwide recession that began in 2008.

BASF, the world’s largest chemical company, expanded sales and earnings only modestly in 2013, and that was because of a 16% increase in sales and a 50% hike in pretax profit by the firm’s oil and gas operations, which make up 20% of its sales. Without the . . .

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