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Borealis showed strong financial results for 2011

March 13/2012

(textination) -- The provider of chemical and innovative plastics solutions Borealis AG, Vienna/Austria announces total annual sales of EUR 7.09 billion (+13.2%) in 2011.

Growth in the 4th quarter of 2011 at 3.6% was slightly lower when compared to the prior year. Sales were about EUR 1.59 billion.

High volatility was a factor in the 2011 economic climate. The shift in market sentiment due to the sovereign debt crisis resulted in significant margin erosion in the polyolefins industry. As a result, Borealis Polyolefins business segment recorded lower profits in 2011 compared to 2010.
Author:Anna Larionova
Category:General News
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