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Bayer MaterialScience's earnings rebound in Q4 2009

March 02/2010

March 2 (plasteurope) -- Bayer MaterialScience was battered severely by the crisis in 2009. Sales tumbled 23% to EUR 7.5 bn, with volumes and selling prices both down 12%. EBITDA before special items fell 59% to EUR 446m. Polycarbonate sales receded by 21% to EUR 1.87 bn, polyurethanes by 25% to EUR 3.78 bn.

 

Group CEO Werner Wenning blamed much of last years earnings slump on the weak first quarter. Business recovered markedly as the year progressed, he said. In Q4, earnings saw a turnaround of 400%. Wenning and CEO-designate Marijn Dekkers reinforced Bayers commitment to the high tech polymers business.

 

mrcplast.com

Bayer MaterialScience: Earnings rebound in Q4 2009

MRC Reference

 

The share in the Russian market in 2008:
 PS - 0.7% (ABS - 7.2%).

 

Annual sales growth in Russia over the last 5 years:
 PS - (-10%).

 

Polymers processing technologies:
 injection molding.


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