03/17/2010

PIE - News-Ticker on Plasteurope.com

Kraton: Sales and profit driven up by improving volumes in Q4

Kraton Performance Polymers (Houston, Texas / USA; www.kraton.com) has reported operating profit (EBITDA adjusted for restructuring and other charges) in 2009 of USD 91.4m (EUR 66.9m) for 2009, down from USD 152m in 2008. Sales were USD 968m, compared with USD 1.23 bn in 2008, due to lower volumes. Fourth quarter earnings increased by 23% year-on-year to USD 35.0m on sales up 8% at USD 250m, driven by improving volumes in the period.


Uncertainty over the strength of the economic recovery remained, Kraton said, but it remains optimistic that first quarter sales volumes will experience double-digit growth.

More news on Plasteurope.com...