Stahl makes its contribution to positive Wendel results
16/11/2010
The group said in a statement that it had achieved sales of nearly EUR 1.5 billion during the quarter, an increase of 23.1% compared to the third
quarter of 2009. For the first nine months of the year, Wendel’s sales were EUR 4.2 billion, 14.5% higher than the same period in 2009.
Stahl’s contribution to the third-quarter total was EUR 79.5 million, an increase of 18.2% compared to the same quarter last year. The leather chemicals company’s contribution for the first nine months of the year was up by 10.3% at EUR 248 million.
Frédéric Lemoine, chairman of Wendel’s executive board, commented: “Wendel’s companies continued their good operational performances in the third quarter and their overall growth rate increases, continuing to be driven by exposure to emerging markets.”
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