NEWS
Simona sees decline in first-half results
Simona of Germany saw a dip in both sales and profits for the first half of the year. The company reported sales of €320 million (US$350m) – a decrease of around 12% compared to the same period last year. Profitability (EBIT) fell by around 10% to just under €26m (US$28m).
Simona saw a decline in two of the
three regions in which it operates. In EMEA, sales shrank by 16% to €199m (US$218). This was driven mainly by reduced demand across the board. Profitability in EMEA fell to €5.8m (US$6.3m) – about half of value of the same period in 2022. Sales in this region mainly comprise pipes and profiles. In the Americas, sales fell by nearly 7% to €95m (US$104m), due mainly to declines in its industrial products and outdoor & leisure businesses. However, EBIT jumped upwards by around 23% to reach nearly €20m (US$22m). The region’s main business is in thermoplastic sheet for aircraft interiors. In Asia-Pacific, sales grew nearly
3% to exceed €25m (US$27m). Growth was driven by the semicon-
Schönberg: “Tumbling commodity prices are exerting downward
pressure on our sales prices”
ductor and photovoltaic industries, while the rest of the industrial products business remained stable. “We clearly felt the effects of a
lacklustre global economy in the first six months of the year,” said Matthias Schönberg, CEO of Simona. “Tumbling commodity prices are exerting down- ward pressure on our sales prices.” Simona does not anticipate much
improvement in global demand, so has lowered its full-year revenue guid- ance from €650-675m to €610-630m – down 6-7%.
“Based on our earnings perfor- mance to date, we are retaining our forecast of an EBIT margin of 6-8%. �
www.simona.de
Braskem increases bio-PE capacity in Brazil by 30%
IMAGE: BRASKEM
Braskem has invested US$87m in its bio-based ethylene plant in Triunfo, Brazil – which will raise capacity to 260,000 tonnes/year, a 30% increase. The ethylene will be used to make its bio-based PE. “This reinforces our commit- ment to sustainable develop- ment and innovation,” said Walmir Soller, O/P VP for Europe and Asia. �
www.braskem.com
www.filmandsheet.com
www.brueckner.com
BOPE packaging for our future sustainability
Multi-layer mono-structures
Superior film properties Dedicated line concept
Perfect match with the circular economy
IMAGE: SIMONA
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