Europe BASF (BASF) released its 2019 two quarter earnings report. Compared with the two quarter of last year, BASF's sales fell 4%, to 15 billion 200 million euros (about 16 billion 870 million U.S. dollars). Prices fell by 2%, mainly due to isocyanate and cracking products business. Sales fell by 6%. Sales in all areas other than nutrition and care have declined, especially in the field of chemicals and agricultural solutions. Excluding special items, yields fell by 27%, to 2 billion euros before interest tax, depreciation and amortization. Net income in the two quarter amounted to 6 billion 500 million euros, compared with 1 billion 500 million euros in the second quarter of 2018. This is mainly due to the book revenue generated by Wintershall and DEA after the completion of the business combination.
LyondellBasell Industries NV announced its second quarter 2019 results in Basel. Sales revenue for the quarter was $9 billion 48 million, compared with $10 billion 206 million in the same period last year. Net profit for the quarter was $1 billion 3 million, compared with $1 billion 654 million in the same period last year.
Linde Company (Linde PLC) announced its second quarter 2019 results. The quarterly sales volume was $7 billion 204 million, and the net profit for the quarter was $522 million. Sales in the first half of this year amounted to US $14 billion 148 million and net profit of US $1 billion 39 million.
Air Liquide announced the first half of 2019. The total revenue in the first half of this year was 10 billion 952 million euros (about 12 billion 150 million US dollars), compared with 10 billion 162 million euros in the same period last year. Net profit for the current period was 1 billion 59 million euros, compared with 1 billion 40 million euros in the same period last year.
INEOS GROUP HOLDINGS S.A. announced its second quarter results in 2019. Quarter revenue was 3 billion 574 million pounds (about 4 billion 330 million dollars), compared with 3 billion 994 million pounds a year ago. The quarterly operating profit was 326 million pounds, 572 million in the same period last year. The net profit for the current period was 241 million pounds, compared with 251 million pounds in the same period last year.
The Evonik released the major financial data for the second quarter of 2019. The second quarter sales fell 3% to 3 billion 310 million euros (about 3 billion 670 million US dollars). After adjustment, the profit before interest tax depreciation amortization (EBITDA) decreased by 8% to 566 million euros. Resource efficiency business sector sales fell 2% to 1 billion 400 million euros. Sales of nutrition and consumer chemicals business fell by 5% to 1 billion 310 million euros. Sales of functional materials business fell 4% to 594 million euros.
Covestro released its second quarter 2019 earnings report. In the second quarter, core business sales increased by 1.1% over the same period last year. Group sales fell to 3 billion 200 million euros (about 3 billion 550 million US dollars) due to lower sales prices, down 16.9% from the same period last year. The profit before interest tax depreciation amortization (EBITDA) is 459 million euros, which is 53.4% lower than that of the same period last year. The decline in profits was mainly affected by the decline in profit margins of polyurethane and polycarbonate plates, with net profit falling to 189 million euros. Sales of polyurethane business decreased by 24.3% to 1 billion 489 million euros, and sales of polycarbonate business decreased by 15% to 898 million euros. Sales of coatings, adhesives and special chemicals business fell 1.3% to 621 million euros.
Solvi (Solvay) announced its second quarter 2019 results. Net sales amounted to 2 billion 654 million euros (about 2 billion 940 million US dollars), compared with 2 billion 600 million euros in the same period last year. EBITDA gained 624 million euros in the quarter and 643 million euros in the same period last year. Net profit for the quarter was 318 million euros, compared with 337 million euros in the same period last year.
AKZO NOBEL (Akzo Nobel N.V.) announced its second quarter 2019 results. The quarter revenue was 2 billion 451 million euros (about 2 billion 720 million US dollars), compared with 2 billion 446 million euros in the same period last year. The adjusted EBITDA profit for the quarter was 394 million euros, compared with 285 million euros in the same period last year. Net profit for the quarter was 231 million euros, compared with 271 million euros in the same period last year.
Henkel (Henkel) sales in the second quarter of 2019 amounted to 5 billion 121 million euros, basically unchanged from the same period last year. The sales volume of the adhesives technology unit is 2 billion 422 million euros (about 2 billion 690 million US dollars). Adjusted operating profit (pre tax profit) amounted to 846 million euros, down 8.6% compared with 926 million euros in the same period last year. In the first half of 2019, Henkel achieved sales of 10 billion 100 million euros, an increase of 1.1%. The adjusted operating profit dropped by 7.2%, from 1 billion 768 million euros to 1 billion 641 million euros.
DSM released its first half performance in 2019. Sales in the first half of the year amounted to 4 billion 568 million euros (about 5 billion 70 million dollars), compared with 4 billion 794 million euros in the same period last year. The adjusted EBITDA profit was 862 million euros, which was 1 billion 46 million euros in the same period last year. 。
LANXESS, a special chemicals company, has stable second quarter results. In the conventional business scope, the profit before interest tax depreciation and amortization dropped by 1.4%, to 286 million euros, slightly lower than 290 million euros in the same period last year. In the second quarter, lanxon's sales amounted to 1 billion 810 million euros (about 2 billion 10 million dollars), down 1% from 1 billion 829 million euros a year earlier. Net income rose from 97 million euros to 100 million euros, an increase of 3.1%. The sales volume of high quality intermediate business segment is 561 million euros, the sales volume of special additives business is 506 million euros, the sales of high performance chemicals business sector is 356 million euros, and the sales of engineering materials business sector is 365 million euros.
Clariant announced its second quarter and first half performance in 2019. The second quarter sales amounted to 1 billion 65 million Swiss francs (about 1 billion 90 million dollars), compared with 1 billion 75 million Swiss francs in the same period last year. Sales in the first half of the year amounted to 2 billion 229 million Swiss francs, the first half of which was 2 billion 224 million Swiss francs. The net loss in the first half was 101 million Swiss francs, a net profit of 211 million Swiss francs in the same period last year.
America
Dow announced its second quarter and first half results. Net sales amounted to US $11 billion 14 million and net profit of US $75 million. Net sales amounted to US $21 billion 983 million in the first half and net profit of US $631 million.
This year, DuPont, which was split from Dow DuPont, issued a financial report that the company suffered a net loss of $570 million in the two quarter and a profit of $1 billion 770 million during the same period last year. Net loss is mainly due to impairment of assets. In the second quarter, DuPont's revenue was $5 billion 470 million, down 6.6%. Sales of its transport and industrial businesses dropped by 12% due to a decline in vehicle production and weak demand for electronic products. Sales declined in the US, Canada, Europe and Asia. Sales in the Chinese market dropped by 3% over the same period last year.
Xuan Wei (Sherwin-Williams) announced its second quarter 2019 results. Net sales amounted to $4 billion 878 million in the quarter, compared with $4 billion 774 million in the same period last year. Net profit for the quarter was $471 million, compared with $403 million in the same period last year.
PPG, the coatings giant, said the weak demand from industrial customers damaged sales, resulting in two quarter revenue figures far less than expected. PPG's revenue in the second quarter was $4 billion 20 million, compared with $4 billion 131 million in the same period last year. Net profit for the quarter was $272 million, compared with $371 million in the same period last year.
Ecolab announced its second quarter 2019 results. Net sales amounted to $3 billion 759 million in the quarter, compared with $3 billion 689 million in the same period last year. Net profit for the quarter was $368 million, compared with $351 million in the same period last year.
Eastman chemical (Eastman Chemical Company) announced its second quarter 2019 results. Sales revenue for the quarter was $2 billion 363 million, compared with $2 billion 621 million in the same period last year. Net profit for the quarter was $258 million, compared with $344 million in the same period last year.
Air Products & Chemicals Inc announced its performance in the third quarter of 2019 (up to June 30th). Sales were $2 billion 224 million for the quarter, compared with $2 billion 259 million for the same period last year. Net profit for the quarter was $488 million, compared with $474 million in the same period last year.
Huntsman (Huntsman Corp) announced its second quarter 2019 results. Sales revenue for the quarter was $2 billion 194 million, compared with $2 billion 404 million in the same period last year. Net profit for the quarter was $118 million, compared with $623 million in the same period last year. The adjusted net profit for the quarter was $146 million, compared with $246 million a year earlier.
Serra announced Celanese's second quarter results in 2019. Net sales amounted to $1 billion 592 million in the quarter, compared with $1 billion 844 million in the same period last year. Net profit for the quarter was $209 million, compared with $344 million in the same period last year.
Axalta Coating Systems Ltd. announced its second quarter results in 2019. Net sales amounted to $1 billion 158 million in the quarter, compared with $1 billion 212 million in the same period last year. Net profit for the quarter was $98 million 400 thousand, compared with $74 million 900 thousand in the same period last year.
Asia
The second quarter profits of Saudi Arabia's basic industries (SABIC) fell to its lowest level since 2009. The Middle East's largest petrochemical producer had a net profit of 2 billion 120 million rial in the second quarter, down 38% from a year ago. The quarter's revenue was 35 billion 870 million rial (about $9 billion 560 million), down 17% from a year earlier.
MITSUBISHI Chemical Holdings (Mitsubishi Chemical Holdings Corporation) announced its first quarter results (-6 April). Sales revenue was 916 billion 300 million yen (about 8 billion 600 million US dollars) in the quarter, compared with 921 billion 800 million yen in the same period last year. The operating profit was 69 billion 900 million yen in the quarter, compared with 93 billion 100 million yen in the same period last year. Net profit for the quarter was 37 billion 800 million yen, compared with 58 billion 100 million yen in the same period last year.
Sumitomo chemical (Sumitomo Chemical) announced its first quarter results (-6 month April). Sales revenue was 553 billion 200 million yen (US $5 billion 132 million) in the quarter, compared with 548 billion 900 million yen in the same period last year. The operating profit was 62 billion 400 million yen in the quarter, compared with 57 billion 900 million yen in the same period last year. Net profit for the quarter was 14 billion 500 million yen, compared with 13 billion 500 million yen in the same period last year.
Toray Industries (Inc.) announced its first quarter results (April -6) in April. Sales revenue was 544 billion 200 million yen (about 5 billion 110 million US dollars) in the quarter, compared with 550 billion 800 million yen in the same period last year. The operating profit was 34 billion 500 million yen in the quarter, compared with 33 billion 900 million yen in the same period last year. Net profit for the quarter was 22 billion 600 million yen, compared with 22 billion 800 million yen in the same period last year.
Asahi Kasei Corporation announced its first quarter results (April -6). Sales revenue was 502 billion 100 million yen (about 4 billion 710 million US dollars) in the quarter, compared with 489 billion 800 million yen in the same period last year. The operating profit was 41 billion 300 million yen in the quarter, compared with 47 billion 900 million yen in the same period last year. Net profit for the quarter was 24 billion 400 million yen, compared with 36 billion 400 million yen in the same period last year.
LG Chemistry (LG Chem) announced its second quarter 2019 results. In the current quarter, sales reached 71770 billion won (about 5 billion 970 million US dollars), compared with 70520 billion won in the same period last year. The operating profit was 268 billion won in the same quarter, compared with 703 billion won in the same period last year. Net profit for the quarter was 84 billion won, compared with 493 billion won in the same period last year.
Wanhua chemical announced its first semi annual report after the overall listing. As the flagship product entered the price downward cycle, its net profit in the first half of the year was close to that of the same period last year. The company's revenue in the first half of the year was 31 billion 500 million yuan (about 4 billion 460 million US dollars), down 15% from the same period last year, and net profit was 5 billion 600 million yuan, down 46% from the same period. The decline in profitability is mainly affected by the slowdown in global economic growth, the decline in prices of major products and the increase in export costs. Wanhua chemical is currently the world's largest MDI manufacturer. It is one of the main raw materials for the preparation of polyurethane, and is widely used in automobiles, home appliances and other industries.
agrochemical
Bayer (Bayer) announced its second quarter results in fiscal 2019. Sales in the quarter were 11 billion 485 million euros, compared with 9 billion 481 million euros in the same period last year. Net profit for the quarter was 404 million euros, compared with 794 million euros in the same period last year. Sales in the first half were 24 billion 500 million euros, compared with 18 billion 619 million euros in the same period last year. Net profit in the first half was 1 billion 645 million euros, compared with 2 billion 748 million euros in the same period last year. In the first half of this year, crop science business sales amounted to 11 billion 232 million euros (about 12 billion 470 million US dollars).
Corteva (Inc.), an agricultural technology company that was broken down by Dow DuPont, released its second quarter results in 2019. Net sales amounted to US $5 billion 731 million in the quarter and net profit of US $370 million during the quarter.
Mosaic Co, fertilizer maker, announced its second quarter 2019 results. Net sales amounted to $2 billion 177 million in the quarter, compared with $2 billion 205 million in the same period last year. Net loss in the quarter was $233 million, compared with net profit of $67 million 900 thousand in the same period last year.
An Daomai (Adama Agricultural Solutions Ltd) disclosed semi annual report. The company's revenue in the first half of 2019 was 13 billion 616 million yuan (about 1 billion 930 million US dollars), down 0.17% compared to the same period last year. Net profit was 589 million yuan, down 75.36% from the same period last year.
