Intermediate 1

The Chemours Company Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, March 27, 2024
Technology, Construction & Property, Semiconductor, Automotive, Engineering, Chemicals, Plastics, Other Automotive, Manufacturing, Machine Tools, Metalworking & Metallurgy, Other Construction & Property, Immersion, EUR, Corteva, Advanced Materials, Absorption, Growth, PFAS, Segment, TSS, Intermediate 1, Form, District court, Webcast, Capital expenditure, Electronics, Accounting, Public expenditure, Capital, Judgement, Adjustment, APM, Event, USD, Titanium dioxide, Drinking water, Corporation, Fine chemical

APM segment fourth quarter 2023 Net Sales were $325 million, down 15% compared to the fourth quarter 2022.

Key Points: 
  • APM segment fourth quarter 2023 Net Sales were $325 million, down 15% compared to the fourth quarter 2022.
  • Performance Solutions portfolio’s fourth quarter 2023 Net Sales were $134 million, up 11% vs. the prior-year quarter.
  • Advanced Materials portfolio’s fourth quarter 2023 Net Sales were $191 million, down 27% vs. the prior-year quarter.
  • For the first quarter 2024, we expect consolidated Net Sales to be flat to slightly down sequentially, with consolidated Adjusted EBITDA down approximately 10% compared with fourth quarter 2023 results.

EQS-News: Alzchem Group AG: EBITDA increase of 32.4 % to EUR 81.4 million – continuing on the road to success

Retrieved on: 
Wednesday, March 13, 2024
CFO, Speciality chemicals, Livestock, Supervisory board, Annual report, Investment, Trostberg, Basics, Growth, Creatine, Safety, Health, EUR, Intermediate 1, CO2, Electricity, Chemical industry, Agriculture, Annual, Environment, Lithium

Despite a persistently challenging environment, the company succeeded in significantly increasing all key earnings figures and at EUR 540.6 million (2022: EUR 542.2 million) maintaining Group sales almost at the previous year’s record level.

Key Points: 
  • Despite a persistently challenging environment, the company succeeded in significantly increasing all key earnings figures and at EUR 540.6 million (2022: EUR 542.2 million) maintaining Group sales almost at the previous year’s record level.
  • Primarily due to the increasing weight of the higher-margin growth segment Specialty Chemicals, Alzchem succeeded in significantly increasing Group EBITDA by 32.4% to EUR 81.4 million in the fiscal year 2023 (previous year: EUR 61.4 million).
  • Operating cash flow also developed strongly in the fiscal year 2023, which was once again clearly positive at EUR 72.7 million (2022: EUR -4.2 million).
  • Thanks to them, the Alzchem Group remains on course for success,” explains Andreas Lösler, CFO of Alzchem Group AG.

LyondellBasell Announces Executive Committee Changes

Retrieved on: 
Monday, February 19, 2024
Safety, APS, Strategic planning, Intermediate 1, I&D, Ledet, LyondellBasell, Environment, Management

HOUSTON and LONDON, Feb. 19, 2024 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced changes to its executive committee, effective March 1, 2024.

Key Points: 
  • HOUSTON and LONDON, Feb. 19, 2024 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced changes to its executive committee, effective March 1, 2024.
  • Kimberly (Kim) Foley will assume the role of executive vice president, Global Olefins & Polyolefins (O&P), Refining and Supply Chain, and Aaron Ledet has been promoted to the role of executive vice president, Intermediates and Derivatives (I&D).
  • Ledet will join the company's executive committee.
  • These changes follow the departure of Ken Lane, former executive vice president Global O&P, who is leaving the company to pursue another opportunity.

LyondellBasell Announces Executive Committee Changes

Retrieved on: 
Monday, February 19, 2024
Safety, APS, Strategic planning, Intermediate 1, I&D, Ledet, LyondellBasell, Environment, Management

HOUSTON and LONDON, Feb. 19, 2024 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced changes to its executive committee, effective March 1, 2024.

Key Points: 
  • HOUSTON and LONDON, Feb. 19, 2024 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced changes to its executive committee, effective March 1, 2024.
  • Kimberly (Kim) Foley will assume the role of executive vice president, Global Olefins & Polyolefins (O&P), Refining and Supply Chain, and Aaron Ledet has been promoted to the role of executive vice president, Intermediates and Derivatives (I&D).
  • Ledet will join the company's executive committee.
  • These changes follow the departure of Ken Lane, former executive vice president Global O&P, who is leaving the company to pursue another opportunity.

The Chemours Company Announces Third Quarter 2023 Results

Retrieved on: 
Thursday, October 26, 2023
Automotive Manufacturing, Aerospace, Technology, Manufacturing, Construction & Property, Semiconductor, Other Manufacturing, Engineering, Other Construction & Property, Machine Tools, Metalworking & Metallurgy, Chemicals, Plastics, Sale, Q&A, APM, Intermediate 1, Accounting, Water, Event, Corteva, Public expenditure, EBITDA, Corporation, Aviation Performance Solutions, Absorption, Court, Net income, Segment, MOU, Advanced Materials, PFAS, Capital expenditure, EUR, DuPont, USD, Electronics, TSS, Fine chemical, Bank, Security (finance), Adjustment

Versus the prior-year quarter, Adjusted EBITDA was down $(44) million, or (39)%, to $68 million resulting in Adjusted EBITDA Margin of 20%.

Key Points: 
  • Versus the prior-year quarter, Adjusted EBITDA was down $(44) million, or (39)%, to $68 million resulting in Adjusted EBITDA Margin of 20%.
  • Corporate and Other was an offset to third quarter Adjusted EBITDA of $(54) million vs. $(51) million in the prior-year third quarter.
  • Cash provided by operating activities for the third quarter of 2023 was $130 million vs. $301 million in the prior-year quarter.
  • Capital expenditures for the third quarter of 2023 were $86 million vs. $72 million in the prior-year third quarter.

EQS-News: Alzchem Group AG significantly increases EBITDA by 19.8% to EUR 56.3 million in the nine-month period 2023

Retrieved on: 
Thursday, October 26, 2023
Human nutrition, Crop protection, Intermediate 1, EBITDA, Growth, Basics, EUR, Speciality chemicals, Investment, Fine chemical, Lithium, Agriculture

EUR 80 million, sales stable at previous year’s level

Key Points: 
  • EUR 80 million, sales stable at previous year’s level
    Trostberg, October 26, 2023 – Alzchem Group AG, a vertically integrated specialty chemicals supplier with a leading market position in selected niche markets, successfully held its ground in the first nine months of 2023.
  • Despite a slight decline in sales of 2.7% from EUR 409.0 million to EUR 397.9 million, all key earnings figures were increased.
  • Despite the slight decline in sales and continued cost pressure, Alzchem achieved EBITDA of EUR 56.3 million, equivalent to growth of 19.8%.
  • It is projected to grow strongly from EUR 61.4 million to approximately EUR 80 million.

LyondellBasell Demonstrates Commitment to Sustainability with Launch of +LC (Low Carbon) Solutions

Retrieved on: 
Tuesday, September 26, 2023
Carbon, International Sustainability Alliance, Carbon accounting, PCF, PO, LyondellBasell, TBA, GHG, I&D, ISCC, Styrene, PLUS, Intermediate 1, Renewable energy

"Sustainability is woven into the fabric of our business strategy," noted Kimberly Foley, executive vice president, I&D and Refining at LyondellBasell.

Key Points: 
  • "Sustainability is woven into the fabric of our business strategy," noted Kimberly Foley, executive vice president, I&D and Refining at LyondellBasell.
  • "The +LC solutions mark a critical step for our customers as they increasingly shift towards more ambitious GHG emissions reduction targets and product circularity.
  • These low-carbon solutions will use renewable, bio-based and recycled feedstocks that empower our customers to reduce their Scope 3 GHG emissions.
  • The +LC solutions are currently available in Europe and the Americas, and plans for expansion into Asia are set for early 2024.

LyondellBasell Demonstrates Commitment to Sustainability with Launch of +LC (Low Carbon) Solutions

Retrieved on: 
Tuesday, September 26, 2023
Carbon, International Sustainability Alliance, Carbon accounting, PCF, PO, LyondellBasell, TBA, GHG, I&D, ISCC, Styrene, PLUS, Intermediate 1, Renewable energy

"Sustainability is woven into the fabric of our business strategy," noted Kimberly Foley, executive vice president, I&D and Refining at LyondellBasell.

Key Points: 
  • "Sustainability is woven into the fabric of our business strategy," noted Kimberly Foley, executive vice president, I&D and Refining at LyondellBasell.
  • "The +LC solutions mark a critical step for our customers as they increasingly shift towards more ambitious GHG emissions reduction targets and product circularity.
  • These low-carbon solutions will use renewable, bio-based and recycled feedstocks that empower our customers to reduce their Scope 3 GHG emissions.
  • The +LC solutions are currently available in Europe and the Americas, and plans for expansion into Asia are set for early 2024.

EQS-News: Alzchem Group AG reports positive business development in the first half of 2023

Retrieved on: 
Thursday, August 3, 2023
Ceramic, Basics, Speciality chemicals, Electricity, Tax, EUR, EBITDA, Chemical industry, Dietary supplement, Ammonia, Intermediate 1, Depreciation, Growth, Trostberg, Fine chemical, Lithium

At EUR 277.0 million, Group sales improved by 3% compared to the prior-year period, in which EUR 269.8 million was generated.

Key Points: 
  • At EUR 277.0 million, Group sales improved by 3% compared to the prior-year period, in which EUR 269.8 million was generated.
  • For this reason, a further expansion is currently being implemented so that additional capacities will be available as early as the fourth quarter of 2023.
  • In line with the positive Group sales development, earnings before interest, taxes, depreciation and amortization (EBITDA) also increased in the first half of 2023.
  • Andreas Niedermaier, CEO of Alzchem Group AG: “The market challenges remain enormous and the economic environment is also very fragile.

EQS-News: Alzchem Group AG achieves significant sales and earnings growth in the first quarter of 2023

Retrieved on: 
Thursday, May 4, 2023
Basics, Annual, Speciality chemicals, Electricity, EUR, Lifting, Intermediate 1, Creatine, Growth, Climate, Trostberg, CO2, Lithium, EBITDA

Trostberg, May 4, 2023 – Alzchem Group AG, a vertically integrated specialty chemicals supplier with a leading market position in selected niche markets, significantly increased its sales in the first quarter of 2023 compared to the same period of the previous year.

Key Points: 
  • Trostberg, May 4, 2023 – Alzchem Group AG, a vertically integrated specialty chemicals supplier with a leading market position in selected niche markets, significantly increased its sales in the first quarter of 2023 compared to the same period of the previous year.
  • This segment achieved a 31% increase in sales, or EUR 20.5 million, to EUR 85.8 million, thus setting another record.
  • EBITDA recorded growth of 11% to EUR 18.9 million in the first quarter of 2023.
  • For the fiscal year 2023, Alzchem Group anticipates a continuation of its solid growth course.