Huntsman with excellent figures, but not in Textile Effects
The first quarter 2012 (against the same quarter of 2011) shows the strengths of products and restructuring measures of American Huntsman Corporation (Specialty Chemicals and Materials) except for Textile Effects.
Overall turnover increased by nine percent or from USD 2679 to USD 2913 million and EBITDA (segment adjusted operating profit) increased 31 % or from USD 304 to USD 397 million. However Textile Effects and Advanced Materials contracted again with 3 % each. Textile Effects had a turnover of USD 185 (USD 190) million and negative EBITDA of USD 9 (USD 6) million. Advanced Materials sales dropped from USD 350 to USD 340 million and EBITDA dropped 18% or from USD 39 to USD 32 million. Both segments registered lower volumes and decreasing prices. The other divisions like Polyurethanes and Performance Products proved to be excellent with increased sales and increased operating profit.