Bayer MaterialScience upbeat on year ahead, eyes 20% sales rise
11 June 2010 15:52 [Source: ICIS news]
LEVERKUSEN, Germany (ICIS news)--German major Bayer MaterialScience is anticipating a continued recovery in its markets and is targeting a sales increase of some 20% on a currency and portfolio adjusted basis in 2010, a company executive said on Friday.
Speaking at the Pre-K plastics conference in
"Our high-tech materials business had a successful start to 2010 and we are confident of future development," said Thomas.
First quarter sales grew by 36% to €2.22bn (€2.66bn) from the same period a year earlier, and were also up 9.9% over the fourth quarter of 2009. EBITDA before special items had rallied to €287m from a €116m loss during the corresponding quarter the year before.
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