Cognis’ reports significant improvement in results
Cognis has reported significant growth in both sales and operating results for 2004. In the twelve months from January 1 to December 31, 2004, the specialty chemicals supplier posted total net external sales of €3,073 million, a 4.2% increase compared with 2003.
“The 2004 financial year was a successful one for us. Despite the continuing weakness of the US dollar and increasing raw material, energy and transport prices, we achieved a significant turnaround in our business. This is a result of a volume pick-up in our markets but also confirms the validity of our strategy of focusing on the wellness and sustainability trends. The comprehensive package of restructuring measures initiated through 2003 and 2004 has also contributed substantially to the cost savings,” commented Antonio Trius, CEO of Cognis.
Cognis’ organic sales grew 8.3% from 2003, with all five SBUs achieving growth. Positive sales growth was also achieved by all regions, led by Central and
