Global Sales Volume Up 5.1% at Cognis

In the first nine months of 2009, global specialty chemicals supplier Cognis saw its sales volumes fall by 11.8%, according to its latest report. Compared to the first nine months of 2008, the total net external sales figure of $2.9 million represents a fall of 15%, with the highest decrease in Europe.

However, in comparison with the second quarter 2009, global sales volumes increased by 5.1% in the third quarter.Cognis’ operating results (adjusted EBITDA) increased by 2.1% to $407 million.

Cognis Chief Executive Officer Antonio Trius commented, “Our innovative product portfolio has shown itself to be highly resilient to the effects of the crisis. In the face of this year’s challenging economic environment, our wellness and sustainability based strategy has proven itself as one of the strongest drivers of success for all our businesses. In addition the significant savings achieved through our global cost optimization program enabled us to improve our operating result. Sales volumes are still relatively low, but they continue to move in an upward direction.”