Rhodia Backtracks On 2008 Outlook | December 15, 2008 Issue - Vol. 86 Issue 50 | Chemical & Engineering News
Volume 86 Issue 50 | p. 16 | Concentrates
Issue Date: December 15, 2008

Rhodia Backtracks On 2008 Outlook

Department: Business

Citing the economic downturn, Rhodia has revised its outlook for 2008. The company says it expects its operating profits for continuing operations to be about 10% below the comparable results for 2007. As a result, the French firm will not achieve its earnings-per-share objective for the year. "Over the past few weeks, we have witnessed short-notice cancellation of orders coming even from geographical areas that had shown satisfactory dynamics until recently," CEO Jean-Pierre Clamadieu says.

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