DGAP-News: Cognis: strong performance&excellent Q1 2010 results
(firmenpresse) - Cognis GmbH / Preliminary Results/Quarter Results
26.04.2010 10:05
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Global specialty chemicals supplier Cognis announces excellent preliminary
operating results in the first quarter of 2010, significantly exceeding
results of the first quarter of 2009. Cognis recorded double-digit sales
growth of 10.6 percent to 728 million euros, mainly due to a pickup in
business conditions leading to a recovery of sales volumes across all
business units (plus 14.2 percent). Cognis also achieved a strong operating
result (adjusted EBITDA) of 131 million euros which increased significantly
by 79.6 percent compared to the first quarter of 2009. As a result, return
on sales (adjusted EBITDA as a percentage of sales) improved by 6.9
percentage points to 17.9 percent.
Net profit for the period also increased significantly, reaching 47 million
euros compared to a net loss of 33 million euros in Q1 2009. Cognis' free
cash flow generation was 40 million euros despite the increased business
activity and therefore necessary seasonal investments in trade working
capital for the first quarter of 2010.
The full announcement may be also found on the Cognis Investor Relations
website.
Cognis will publish detailed figures on the first quarter performance in
its quarterly report, which is due to be released on May 26, 2010.
Investor Relations Contact
Monica Stephensons, Director Investor Relations
Cognis GmbH
Phone: +49-2173-4995-279
E-mail: investor-relations(at)cognis.com
Internet: http://www.cognis.com
26.04.2010 10:05 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Cognis GmbH
Rheinpromenade 1
40789 Monheim
Deutschland
Phone: 02173-4995-279
Fax: 0211-2006-10279
E-mail: investor-relations(at)cognis.com
Internet: www.cognis.com
ISIN: XS0191508281
WKN: A0BM7Q
Listed: Freiverkehr in Stuttgart; Open Market in Frankfurt
End of News DGAP News-Service
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Datum: 26.04.2010 - 10:05 Uhr
Sprache: Deutsch
News-ID 19629
Anzahl Zeichen: 0
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Kategorie:
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