Cognis Half-Year Results: Strong Growth in Sales and Earnings
The global specialty-chemicals supplier Cognis, Monheim, Germany, reports net external sales of 1,715 million euros for the six months to June 30, 2006, a 7.0 percent increase compared to the same period in 2005. Adjusted EBITDA (earnings before net financial result, income taxes, depreciation, amortization and exceptional items) also grew by 7.0 percent to 214 million euros, and the company's overall profit margin was 12.5 percent.
Furthermore, the company announces that the process of reviewing the strategic options for Cognis has now been completed: The shareholders decided to continue their investment for the next couple of years.