orion-blacks2

Orion reports strong earnings

Luxembourg – Orion Engineered Carbons has posted a 10% year-on-year rise in adjusted earnings (EBITDA) at €222.7 million despite a 7% drop in revenue at €1.03 billion for the full year 2016.

Profit for the fiscal year rose to €44.6 million from €42.8 million the previous year, said the carbon black company in a 23 Feb statement.

The company registered a strong fourth quarter, with a 9.4% rise in adjusted earnings to €55.6 million. Rubber black adjusted EBITDA increased 12.9% to €25.3 million during the quarter.

Total volumes…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with