PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Paint and Coatings Industry News

Main News Page


Bayer Sees Upward Trend in Q3

Wednesday, October 28, 2009

Comment | More

The Bayer Group (Leverkusen, Germany), which supplies products to the coatings and other industries, reported that its third quarter EBITDA before special items edged up by 0.4% year on year to €1.499 billion while Q3 sales fell by 7% to €7.392 billion compared to 2008.

Earnings in the MaterialScience group improved considerably. According to Management Board Chairman Werner Wenning, EBITDA before special items nearly doubled compared to the second quarter, reaching €238 million in the third quarter, compared to €121 million in the second. The coatings, adhesives, and specialties unit sales fell by 13.1%; business with raw materials for foams (polyurethanes) shrank by 24.6% year on year; high-tech materials sales were down 20%; and sales of high performance plastics (polycarbonates) decreased by 19.6%.

The HealthCare group saw sales and earnings increase over 2008. Sales were up by 3.5%, reaching €3.936 billion. EBITDA before special items was up by 12.1% to €1.141 billion. CropScience declined in the third quarter by 8.7% compared to last year. Sales dipped from €1.248 billion to €1.140 billion.

The company says that net financial debt declined by €1 billion in the third quarter, net cash flow rose by 22.9% to €1.517 billion year on year, and net income decreased by 25.2% to €1.206 billion compared to Q3 2008.

   

Tagged categories: Bayer; Earnings reports; Finance

Comment Join the Conversation:

Sign in to our community to add your comments.

CHLOR*RID International Inc.
Free Webinar

Learn about soluble salts, along with a discussion on allowable levels.
More information at
www.chlor-rid.com,

800-422-3217


Hempel (USA) Inc.
HEMPEL PROTECTIVE COATINGS

Efficient systems and high quality products to reduce your maintenance costs. Visit Hempel Protective for more information.


HP Spartacote, LLC
Fully Integrated Polyaspartic Coating Systems

HP Spartacote manufactures a full line of patented high performance resinous flooring systems which offer rapid return to service, outstanding durability and chemical resistance.


DeHumidification Technologies
HUMIDITY PROBLEMS?

DH Tech has the most innovative and reliable equipment available to
control humidity efficiently
and effectively.
IT'S UNDER CONTROL!


Modern Safety Techniques
Modern Safety Techniques

With our unique LTCat, we can help to provide clean, safe breathing air to your workers. Take a look at our Breathing Air Systems, we supply at least twice as much charcoal as our competitors! Modern


Surface Prep Supply
Surface Prep Supply

Blast It! Coat It! We have you covered every step of the way. Supplier of:
• Abrasives
• Equipment
• Accessories
• Protective Coatings
888-331-7737(PREP)


Wasser High-Tech Coatings Inc.
Wasser Coatings Protect

some of the most important bridges in the country; learn about our NEPCOAT-approved system and our entire range of MCU & Polyurea coatings. 1-800-627-2968 www.wassercoatings.com

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker JPCL Europe

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com