Strong growth in sales and earnings at Cognis - sportstextiles: Lea SportsTextiles

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Strong growth in sales and earnings at Cognis

22/08/2006

German specialty chemicals supplier Cognis has reported net external sales of €1,715 million for the six-month period ended June 30, a 7% increase compared with the same period in 2005.

Care chemicals, nutrition & health, functional products and process chemicals all posted sales that exceeded the 2005 figures. All regions contributed to this positive development. Despite increased raw material and energy costs, the company was able to reduce its overall costs Adjusted for the effects of currency fluctuations, sales increased by 4.5%.

Sales of process chemicals totalled €130 million, up 5.3%. This unit particularly benefited from strong demand in the Asia-Pacific region, where Cognis has seen double-digit sales growth in both its textile technology and leather technology businesses.




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