Global speciality chemicals supplier Cognis, has announced that it increased its net external sales by 4.3% last year, taking profits to €3.5m. Organic growth stood at 6.5% last year.
The company also reported higher sales in all three core business areas – Cognis Care Chemicals, Nutritional & Health and Functional Products – which all contributed to the overall growth.
Antonio Trius, Cognis ceo, commented on the positive results: “Our sales figures for 2007 prove that our strategy in being committed to the wellness and sustainability trends significantly enhances the value of our company. We achieved these good results despite various extraordinary challenges in 2007, such as a massive rise in raw material costs and a weak US dollar. Furthermore, we were able to conduct a successful refinancing and completed the carve-out of Pulcra Chemicals – two important strategic steps towards ensuring the long-term competitiveness of Cognis.”
And the outlook for this year remains bright, as Trius continued: “In 2008, we will focus even more on our three core business areas and continue to optimize our operations and processes to equip ourselves for the market challenges that lie ahead.”