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.

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