Breaking News

Cognis Announces Sales Rise, Financing Costs Fall

October 3, 2007

In the first six months of 2007, global specialty chemicals company Cognis increased its net external sales by 6.2% to $2.4 billion. Currency effects reduced sales growth to 3.5%, according to the company in a press statement.

The operating result (adjusted EBITDA) of $291 million could match the high level of the first half year in 2006 despite a massive rise in raw material costs, especially for natural oils and fats. Together with a successful cost management, the necessary selling price increases could be achieved in many areas, but will show effect with the usual time delay. Return on sales (adjusted EBITDA as a percentage of sales) stood at 12%. Earnings before interest and taxes (EBIT) fell slightly, 1.4%, to $161 million. Excluding exceptional items, Cognis recorded a net profit of $53 million.
  • Skin of Color Society Connects Experts

    Skin of Color Society Connects Experts

    Melissa Meisel, Associate Editor||January 16, 2017
    Dermatologists from across the nation share information and ideas.

  • Erasa

    Erasa's New Evangelist(a)

    January 9, 2017
    Impressed by the performance of its hero SKU, supermodel Linda Evangelista joins the company in a hand's on role.

  • Discourse on Disclosure

    Discourse on Disclosure

    Tom Branna, Editorial Director||January 6, 2017
    Transparency impacts the cleaning industry.

  • Hitting the Right Notes

    Hitting the Right Notes

    January 6, 2017
    Agilex Fragrances is the leader in the middle market fragrance category.

  • The Smell of Clean in 2017

    The Smell of Clean in 2017

    January 6, 2017
    Changing consumer lifestyles and demographics are impacting the scents found in the household cleaning category.

  • On the Edge

    On the Edge

    January 6, 2017
    Expanding beauty brands to watch in 2017