Cognis GmbH
Cognis: strong performance & excellent Q1 2010 results
Cognis GmbH / Preliminary Results/Quarter Results 26.04.2010 10:04 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Global specialty chemicals supplier Cognis announces excellent preliminary operating results in the first quarter of 2010, significantly exceeding results of the first quarter of 2009. Cognis recorded double-digit sales growth of 10.6 percent to 728 million euros, mainly due to a pickup in business conditions leading to a recovery of sales volumes across all business units (plus 14.2 percent). Cognis also achieved a strong operating result (adjusted EBITDA) of 131 million euros which increased significantly by 79.6 percent compared to the first quarter of 2009. As a result, return on sales (adjusted EBITDA as a percentage of sales) improved by 6.9 percentage points to 17.9 percent. Net profit for the period also increased significantly, reaching 47 million euros compared to a net loss of 33 million euros in Q1 2009. Cognis' free cash flow generation was 40 million euros despite the increased business activity and therefore necessary seasonal investments in trade working capital for the first quarter of 2010. The full announcement may be also found on the Cognis Investor Relations website. Cognis will publish detailed figures on the first quarter performance in its quarterly report, which is due to be released on May 26, 2010. Investor Relations Contact Monica Stephensons, Director Investor Relations Cognis GmbH Phone: +49-2173-4995-279 E-mail: investor-relations@cognis.com Internet: http://www.cognis.com 26.04.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: 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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