Cognis GmbH
Cognis first quarter results 2009: sales and earnings down but volumes increased compared to Q4 2008, cost-saving initiatives already showing results, healthy cash position and decreased debt in difficult times
Cognis GmbH / Quarter Results Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- INVESTOR RELATIONS RELEASE Monheim, May 27, 2009 Cognis first quarter results 2009: sales and earnings down but volumes increased compared to Q4 2008, cost-saving initiatives already showing results, healthy cash position and decreased debt in difficult times Cognis CEO Antonio Trius comments: 'Cognis is responding to this dramatic economic downturn in a determined and proactive way. Our comprehensive cost reduction program is gathering momentum, and will help us counteract the effect of falling volumes. At the same time, we are starting to see a few positive signs, with the rate of volume decline slowing appreciably in March. Our goal is to further strengthen the leading position we enjoy in growth markets driven by the wellness and sustainability trends. The suitability of our strategy is borne out by the fact that these areas are more resilient to the economic downturn.' The full announcement may be also found on the Cognis Investor Relations website. The Q1/2009 quarterly report of Cognis GmbH and Cognis Holding GmbH are now available. The Cognis GmbH report, in pdf form, can be downloaded from Cognis' Investor Relations website (http://www.cognis.com). The Cognis Holding GmbH report is available upon request (e-mail: investor-relations@cognis.com). Both reports are also available on Bloomberg. Please note that a detailed press release is available on the Cognis Investor Relations website. Investor Relations Contact Monica Stephensons, Senior Manager Investor Relations Cognis GmbH Phone: +49-2173-4995-279 E-mail: investor-relations@cognis.com Internet: http://www.cognis.com 27.05.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Cognis GmbH Rheinpromenade 1 40789 Monheim Deutschland Phone: 02173-4995-279 Fax: 0211-2006-10279 E-mail: investor-relations@cognis.com Internet: www.cognis.com ISIN: XS0191508281 WKN: A0BM7Q Listed: Freiverkehr in Stuttgart; Open Market in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
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