18 April 2013 17:43 [Source: ICIS news]
“But the increase [in profitability] may not be as robust as we had originally expected,” Luke Kissam told analysts during
Kissam said that demand for industrial bromides is expected to remain strong, boding well for
As for catalysts,
For the full year of 2013, Albemarle’s earnings growth expectation is now at a “range of negative 4% to [positive] 3%” – compared with Albemarle’s initial forecast, from January, of year-on-year earnings growth in the range of 0%-6%.
Given headwinds from foreign exchange rates, mainly from the Japanese yen, and a second quarter that will likely be weaker than first expected, “today it appears that we will likely be at the low end of that range, excluding any impact of [
“We continue to believe that 2013 will be a year during which we continue building a stronger foundation for sustainable long-term growth,” he added.
Additional reporting by Al Greenwood
($1 = €0.77)
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