AMSTERDAM — Nouryon announced that the company has increased its profit in its full-year 2020 financial results with continued commitment to customers and disciplined cost management. Overall demand remained robust in many of Nouryon’s key end markets, such as agriculture and home care, with reduced volumes in some markets due to the COVID-19 pandemic. Full-year 2020 revenue decreased by 4% due to lower prices and volumes, while adjusted EBITDA increased by 3% to €1,162 million. The company’s strong cash position also enabled it to voluntarily repay €100 million of its Euro term loan.
“I am pleased with our 2020 results as they reflect our responsiveness to customer needs and a strategic investment in high-growth and resilient end markets,” said Nouryon Chairman and CEO Charlie Shaver.