35 major global chemical companies third quarter 2019 results

35 major global chemical companies third quarter 2019 results


All the data was gathered online


BASF, the world’s largest chemical company, announced its financial results for the third quarter of 2019, with total revenue of 15.23 billion euros (approximately $ 16.9 billion), a decrease of 2% year-on-year, mainly due to lower prices in the materials and chemical sectors. Uncertainty in the market and careful ordering by customers also played a role. Net income was 911 million euros, a year-on-year decrease of 24%. Earnings before interest and taxes (EBIT) excluding special items were 1.1 billion euros, a year-on-year decrease of 24%.


LyondellBasell Industries NV announces third quarter 2019 results. Sales revenue for the quarter was $ 8.722 billion, compared with $ 10.155 billion in the same period last year. Net profit for the quarter was $ 965 million, compared with $ 1.003 billion in the same period last year. EBITDA profit for the quarter was $ 1.513 billion, compared with $ 1.579 billion in the same period last year.

Linde plc announces third quarter 2019 results. Sales for the quarter were $ 7 billion and operating profit was $ 1 billion. In the first three quarters, sales were 21.148 billion US dollars and operating profit was 2.278 billion US dollars.

Air Liquide announces third quarter 2019 results. Group revenue for the quarter was EUR 5.454 billion (approximately USD 6.04 billion), a year-on-year increase of 3.5%. Among them, gas and services revenue was 5.242 billion euros, an increase of 3.5% year-on-year.

Johnson Matthey announced the first half of its fiscal year ending September 30, 2019. Current revenue was 6.818 billion pounds (US $ 8.82 billion), an increase of 37% from 4.969 billion pounds in the same period last year. Operating profit for the period was 259 million pounds, down 2% from 264 million pounds in the same period last year.

INEOS GROUP HOLDINGS S.A. announces third quarter 2019 results. Revenue for the quarter was 3.319 billion euros (approximately 3.68 billion US dollars), compared with 4.321 billion euros in the same period last year. Operating profit for the quarter was 355 million euros, compared with 516 million euros in the same period last year. Profit for the period was 142 million euros, compared with 442 million euros for the same period last year.

Evonik announces third quarter 2019 results. Evonik’s July-September sales fell 3% to 3.23 billion euros (approximately $ 3.58 billion) due to lower sales and selling prices. Adjusted EBITDA decreased by 6% year-on-year to 543 million euros. Among them, sales of the resource efficiency business segment decreased by 1% to 1.4 billion euros. Sales in the Nutrition and Consumer Chemicals segment fell by 2% to 1.14 billion euros. Sales of the functional materials business segment decreased by 20% compared to the same period last year to 475 million euros.

Covestro released the latest financial report, saying that the company’s third-quarter sales were about 3.16 billion euros (about 3.5 billion US dollars), a year-on-year decline of 14.6%; EBITDA was 425 million euros. , Down 50.5% year-on-year.

Solvay announces third quarter 2019 results. Net sales for the quarter were 2.578 billion euros (approximately 2.86 billion US dollars), compared with 2.591 billion euros in the same period last year. EBITDA profit for the quarter was 601 million euros, compared with 599 million euros in the same period last year. Net profit for the quarter was 304 million euros, compared with 295 million euros in the same period last year.

AkzoNobel released financial results for the first three quarters ended September 30, 2019. In the third quarter, AkzoNobel’s revenue increased by 3% to 2.398 billion euros (about 2.67 billion US dollars). Revenue in the first nine months increased by 1% to 7,034 million euros. Net income attributable to shareholders was EUR 458 million, compared with EUR 825 million in the same period in 2018, of which EUR 16 million came from discontinued operations.

Henkel announced the third quarter of 2019 results. Group sales rose 0.8% to 5.077 billion euros, while organic sales fell 0.3%. Adjusted operating profit (earnings before interest and taxes) amounted to 850 million euros, a decrease of 8.2% compared to 926 million euros in the same period last year. The Adhesive Technology business unit performed strongly, the Cosmetics / Beauty Products business unit performed below the same period last year, and the detergent and home care business unit achieved good development. Sales of the Adhesive Technology Business Unit were 2.395 billion Euros (approximately 2.65 billion US dollars). The total nominal sales of the Cosmetics / Beauty Products Business Unit reached 970 million Euros. The Detergent and Home Care Business Unit achieved nominal sales of 1.682 billion Euros. .

DSM announces results for the first nine months of 2019. Group sales for the period were EUR 6.858 billion (approximately USD 7.26 billion), compared with EUR 7.059 billion for the same period last year. The adjusted EBITDA profit for the quarter was 1.288 billion euros, compared with 1.452 billion euros in the same period last year.

LANXESS, a specialty chemicals company, announced its third-quarter results for 2019, with sales of 1.781 billion euros (approximately 1.97 billion US dollars), unchanged from the same period last year. Earnings before interest, tax, depreciation and amortization in the conventional business range were 267 million euros, a decrease of 3.6% from the same period last year of 277 million euros. Net income fell to € 69 million from € 80 million, a decline of 13.8%. Sales of the high-quality intermediate business segment were 549 million euros, an increase of 2.8%. Sales of the Special Additives business segment were comparable to the same period last year at 503 million euros. The high-performance chemicals business had sales of 354 million euros, a year-on-year increase of 6.0%. Sales of the Engineering Materials business segment were 353 million euros, a decrease of 10.4% from the same period last year.

Clariant announces third quarter 2019 results. Sales for the quarter were CHF 1.043 billion (approximately USD 1.05 billion), compared with CHF 1.054 billion in the same period last year. Profit before interest, tax, depreciation and amortization excluding special items in the quarter was 169 million Swiss francs, compared with 171 million Swiss francs in the same period last year.

United States

Dow announced quarterly results. In the three months ended September 30, the company’s net profit fell 67% year-on-year to $ 333 million, compared with $ 1.01 billion in the same period last year. Net sales in the third quarter were $ 10.8 billion, a year-on-year decrease of 15%, mainly driven by the decline in local prices caused by the decline in global energy prices. Sales were down 2% year-on-year, and growth in demand for packaging materials, polyurethanes and silicone applications was offset by weaker sales of hydrocarbon by-products.

DuPont announced the third quarter of 2019 results. Net sales for the quarter were $ 5.426 billion, compared with $ 5.683 billion in the same period last year. Net profit for the quarter was US $ 372 million, compared with US $ 501 million in the same period last year.

Sherwin-Williams announced financial results for the first three quarters ended September 30, 2019. Compared with the same period in 2018, consolidated net sales in the third quarter were US $ 4.87 billion, an increase of 2.9%; within nine months, consolidated net sales were US $ 13.79 billion, an increase of 2.3%. In the first nine months, net income was 1.293 billion US dollars, a year-on-year increase of 28.4%. The growth in the third quarter was mainly due to the increase in paint sales and sales prices in North American stores, partially offset by weak demand and adverse currency conversion rates in some end markets outside the United States.

PPG Industries announced its financial report. In the third fiscal quarter of fiscal 2019, net profit attributable to ordinary shareholders of the parent company was US $ 367 million, a year-on-year decrease of 2.91%; operating income was US $ 3.826 billion, a year-on-year increase of 0.24%.

Ecolab announced the third quarter of 2019 results. Net sales for the quarter were $ 3.818 billion, compared with $ 3.747 billion in the same period last year. Net profit for the quarter was $ 464 million, compared with $ 435 million in the same period last year.

Eastman Chemical Company announces third quarter 2019 results. Sales revenue for the quarter was $ 2.325 billion, compared with $ 2.547 billion in the same period last year. Net profit for the quarter was US $ 266 million, compared with US $ 412 million for the same period last year.

Air Products & Chemicals Inc. announced fourth-quarter and full-year results for the fiscal year ended September 30, 2019. Net sales for the quarter were $ 2.283 billion, compared with $ 2.299 billion in the same period last year. Net profit for the quarter was US $ 503 million, compared with US $ 453 million for the same period last year. Fiscal year net sales were US $ 8.919 billion, compared with US $ 8.93 billion in the previous fiscal year. Net profit for the fiscal year was $ 1.760 billion, compared with $ 1.498 billion for the previous fiscal year.

Huntsman Corp. announced third quarter 2019 results. Revenue for the quarter was $ 1.687 billion, compared with $ 1.968 billion in the same period last year. Net profit for the quarter was $ 41 million, compared with a net loss of $ 800,000 in the same period last year.

Celanese announces third quarter 2019 results. Net sales for the quarter were $ 1.586 billion, compared with $ 1.771 billion in the same period last year. Net profit for the quarter was US $ 268 million, compared with US $ 407 million for the same period last year.

Axalta Coating Systems Ltd. announces third quarter 2019 results. Net sales for the quarter were $ 1.007 billion, compared with $ 1.146 billion in the same period last year. Net profit for the quarter was $ 65.5 million, compared with a net loss of $ 13.1 million for the same period last year.

Asia

Chemical industry giant Saudi Basic Industries Corporation (SABIC) announced its lowest quarterly profit in at least 10 years, the company included impairment charges, and falling oil prices put pressure on its product prices. In the third quarter, SABIC’s sales revenue was 33.69 billion riyals (approximately $ 9 billion), a 23% decrease year-on-year; net profit was 830 million riyals ($ 221 million), a decline of 83% year-on-year. Sabic has impaired R $ 1.5 billion in impairment charges on its 25% stake in Swiss chemical manufacturer Clariant.

Mitsubishi Chemical Holdings Corporation announces first half fiscal year results (April-September 2019). Current revenue was 1,827.7 billion yen (approximately $ 16.9 billion), compared with 181.9 billion yen in the same period last year. Operating profit for the period was 130.6 billion yen, compared with 185.6 billion yen in the same period last year. Current net profit was 81.3 billion yen, compared with 120.2 billion yen in the same period last year.

LG Chem announces third quarter 2019 results. Sales for the quarter were 737.3 billion won (approximately 6.3 billion U.S. dollars), compared with 72349 billion won in the same period last year. Operating profit for the quarter was 380.3 billion won, compared with 602.4 billion won in the same period last year. Net profit for the quarter was 137.2 billion won, compared with 346.6 billion won in the same period last year.

Toray Industries, Inc. announced first half fiscal year results (April-September 2019). Net sales for the period were 1122.4 billion yen (approximately $ 10.4 billion), compared with 111.2 billion yen in the same period last year. Operating profit for the period was 71.6 billion yen, compared with 77.7 billion yen in the same period last year. Current net profit was 45.7 billion yen, compared with 48.5 billion yen in the same period last year.

Sumitomo Chemical announced first half fiscal year results (April-September 2019). Current revenue was 111.76 billion yen (approximately $ 10.3 billion), compared with 1122.1 billion yen in the same period last year. Operating profit for the period was 102.5 billion yen, compared with 91.9 billion yen in the same period last year. Current net profit was 29.7 billion yen, compared with 61.5 billion yen in the same period last year.

Asahi Kasei Corporation announces first half fiscal year results (April-September 2019). Net sales for the period were 1,068.6 billion yen (approximately $ 9.9 billion), compared with 1041.5 billion yen in the same period last year. Operating profit for the period was 101.7 billion yen, compared with 104.3 billion yen in the same period last year. Current net profit was 77.9 billion yen, compared with 78.9 billion yen in the same period last year.

Wanhua Chemical released a report for the third quarter of 2019. The decline in main product prices dragged down performance, and the company’s revenue and net profit both fell. From January to September 2019, the company realized operating income of 48.539 billion yuan (approximately US $ 6.9 billion), a year-on-year decrease of 12.48%; the net profit attributable to shareholders of listed companies was 7.899 billion yuan, a decrease of 41.75% year-on-year; A year-on-year decrease of 43.52%.

Agrochemical

Bayer announced third quarter results. Group sales for the quarter were EUR 9.83 billion, compared with EUR 9.261 billion in the same period last year. Adjusted EBITDA increased by 7.5% to 2.287 billion euros, in line with market expectations. This is due to increased sales of crop protection chemicals, seeds and consumer health products. Net profit was $ 1.036 billion, compared with $ 2.871 billion in the same period last year. Bayer’s Agricultural Business (Crop Science Division) sales increased by 4.8% (adjusted for exchange rates and portfolio adjustments) to reach 3.948 billion euros (approximately 4.37 billion US dollars), mainly due to business development in Latin America and North America.

Fertilizer maker Mosaic Co. announced third-quarter 2019 results. Net sales for the quarter were $ 2.753 billion, compared with $ 2.928 billion in the same period last year. Net loss for the quarter was US $ 44.1 million, and net profit for the same period last year was US $ 248 million.

Corteva, Inc. announces third quarter 2019 results. Net sales for the quarter were $ 1.911 billion, compared with $ 1.947 billion in the same period last year. Net loss for the quarter was $ 494 million, compared with a net loss of $ 5.121 billion in the same period last year.

Adama Agricultural Solutions Ltd announced that third-quarter sales reached US $ 953 million, a record high, with a year-on-year increase of 9% in US dollars and 11% in local currency terms. Net profit in the third quarter was $ 42 million, an increase of 5% year-on-year. Sales in the first nine months reached a record high, reaching US $ 2.962 billion. Net profit for the first nine months was $ 173 million.

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