Fri 12/09/2022 11:59 AM
German chemicals company Roehm reported weak third-quarter results, although the earnings slowdown had been expected given the macroeconomic headwinds. Adjusted EBITDA dropped 29.5% year-over-year in the period, and this, together with higher capex to fund the group’s LiMA project, resulted in €44 million negative free cashflow, sources said.
Volumes fell to 146,000 tonnes during the third quarter from 173,000 tonnes in the same period last year, however, sales increased to €475 million from...
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