- Email: [email protected]
Kao Corp’s consolidated financial results for 1H 2016
FOCUS
ON
S U R FAC TA N T S
it would work with the government to ensure the UK's withdrawal would not penalize the country's pharmaceuticals and chemicals sectors. Together these industries account for a large part of the UK's exports (£50 bn). They also account for £4 bn/y in capital and R&D investments. The UK pharmaceuticals and chemicals industries employ 140,000 people directly and 500,000 indirectly. In Europe, Cefic has called on governments, the UK parliament and EU member states to establish new agreements that will promote economic growth for all. The UK accounts for 9% of chemicals sales within the EU (€46.3 bn out of a €531 bn total). In 2007-2014 the EU chemical industry's trade surplus with the UK was €2 bn/y. Exports from Europe to the UK were €22.3 bn/y, 28% of which was from petrochemicals alone, making the UK the main market for EU petrochemicals. Imports from the UK into Europe were worth €20.3 bn/y. In France, the UIC has said it will ensure the interests of the French chemicals industry are protected. The UK is the third largest market for French chemical products after Germany and Italy. In 2015 the French chemicals industry's exports to the UK were worth €4.1 bn (mainly pharmaceutical products, basic products, soaps, perfumes and household chemicals). UK imports into France in 2015 were worth €2.4 bn (mainly pharmaceutical products and basic organic products). The UIC says it will pay particular attention to the consequences of the UK's withdrawal on past and future commercial agreement between the EU and other countries (the USA, Canada, Japan). The organization wants to maintain the competitiveness of French companies that have to follow different rules from their UK counterparts.
$452.4 M in 2Q 2015 to $454.6 M this year; total sales volume increased by 12% for 2Q 2016 but was largely offset by lower selling prices (primarily related to lower raw material costs) and negative foreign currency exchange effects due to the strength of the US dollar. Surfactant operating income was $27.2 M, up 12% versus the previous year benefiting from its internal efficiency programme, lower raw material costs and an 11% increase in volume. Particularly strong volume growth was reported in North America due largely to the long-term supply deal agreed with Sun Products last summer ['Focus on Surfactants', Sep 2015]. Surfactant net sales fell by $1.2 M to $298.6 M for the quarter. Polymer operating income was a record $31.0 M in 2Q 2016, a 32% increase versus 2Q 2015. Volumes were 14% higher and margins improved partially due to lower raw material costs. The effect of foreign currency translation negatively impacted Stepan's net income by $0.7 M versus 2Q 2015. In 1H 2016, reported net income was a record $55.5 M, a 45% increase versus $38.2 M in 1H 2015. Adjusted net income was a record $59.6 M, up 44% versus $41.3 M in 1H 2015. Total sales volume increased by 12% during 1H 2016. The effect of foreign currency translation negatively impacted net income by $2.2 M versus 1H 2015. Stepan's board of directors declared a quarterly cash dividend on its common stock of $0.19/share for 2Q 2016.
Original Source: Chimie Pharma Hebdo, 4 Jul 2016, (766), (Website: http://www.industrie.com/ chimie/) (in French) © ETAI Information 2016
For 1H 2016, ended 30 Jun 2016, Kao reported net sales of Yen 699.5 bn (c €6 bn) up by 0.4% from Yen 696.6 bn in 1H 2015. Operating income increased by 26.6% to Yen 81.1 bn from Yen 64.0 bn. Net income increased by 37.4% to Yen 50.6 bn in 1H 2016 from Yen 36.9 bn the previous year. Kao reported a 1.6% increase in its Beauty Care segment net sales to Yen 292.7 bn in 1H 2016 from Yen 288 bn in 1H 2015. Operating income almost doubled from Yen 10.9 bn in 1H 2015 to Yen 20.8 bn. The Fabric and Home Care segment's net sales increased by 4.2% to Yen 155.8 bn from Yen 149.6 bn. In fabric care, Kao noted increased sales of both laundry detergents and fabric softeners in
COMPANY RESULTS Stepan reports record 2Q and 1H 2016 earnings In 2Q 2016, Stepan Co reported net income of $27.9 M, a 65% increase versus $16.9 M in 2Q 2015. Adjusted net income was a record $30.1 M, a 44% increase versus $20.9 M a year earlier. Net sales rose slightly from
6
Original Source: Stepan Company, 2016. Found on PR Newswire, 20 Jul 2016, (Website: http://www.prnewswire.com)
Kao Corp’s consolidated financial results for 1H 2016
Japan, boosted by new and improved products, and particularly strong sales of its Attack Jaz1 powder detergent for hand washing in Indonesia ['Focus on Surfactants, Sep 2014]. Operating income for the segment increased by 29% to Yen 31.5 bn from Yen 24.5 bn. Kao reported a 5.8% drop in its Chemical segment's net sales in 1H 2016 to Yen 135.5 bn. Operating income for the segment decreased by Yen 0.2 bn to Yen 14.8 bn. Original Source: Kao, 28 Jul 2016 (Website: http://www.kao.com/jp/en/) © Kao Corporation 2016
UK’s Croda 1H 2016 adjusted pre-tax profit rises UK-based speciality chemical ingredient firm Croda reported a 9.4% year-onyear increase in its adjusted pre-tax profit to £148.5 M in 1H 2016 due to an improved operating margin. In 1H 2016, sales increased by 7.8% to £608.7 M while its adjusted operating profit increased by 8.4% to £152.6 M. The operating margin gained 0.2 percentage points to 25.1% in 1H 2016. Original Source: ICIS Chemical Business, 1-14 Aug 2016, 190 (4), 6 (Website: http://www.icis. com) © Reed Business Information Limited 2016
Huntsman announces 2Q 2016 results Huntsman Corp's net income in 2Q 2016 was $94 M compared to $39 M in 2Q 2015 and $62 M in 1Q 2016. Adjusted EBITDA was $325 M compared to $385 M in 2Q 2015 and $274 M in 1Q 2016. Revenues for 2Q 2016 were $2.54 bn, down from $2.74 bn a year earlier. Both revenues and adjusted EBITDA decreased for the company's Performance Products segment due largely to lower average selling prices and sales volumes. Net cash provided by operating activities was $355 M. Free cash flow generation was $282 M. The company subsequently made a $100 M early repayment of debt in Jul 2016. Original Source: Huntsman, 27 Jul 2016, (Website: http://www.huntsman.com/) © Huntsman International LLC 2016
Unilever profits from high prices in 1H 2016 Consumer goods giant Unilever had net profits of €2.51 bn in 1H 2016, compared with €2.49 bn a year earlier. Adverse
September 2016
ON
S U R FAC TA N T S
it would work with the government to ensure the UK's withdrawal would not penalize the country's pharmaceuticals and chemicals sectors. Together these industries account for a large part of the UK's exports (£50 bn). They also account for £4 bn/y in capital and R&D investments. The UK pharmaceuticals and chemicals industries employ 140,000 people directly and 500,000 indirectly. In Europe, Cefic has called on governments, the UK parliament and EU member states to establish new agreements that will promote economic growth for all. The UK accounts for 9% of chemicals sales within the EU (€46.3 bn out of a €531 bn total). In 2007-2014 the EU chemical industry's trade surplus with the UK was €2 bn/y. Exports from Europe to the UK were €22.3 bn/y, 28% of which was from petrochemicals alone, making the UK the main market for EU petrochemicals. Imports from the UK into Europe were worth €20.3 bn/y. In France, the UIC has said it will ensure the interests of the French chemicals industry are protected. The UK is the third largest market for French chemical products after Germany and Italy. In 2015 the French chemicals industry's exports to the UK were worth €4.1 bn (mainly pharmaceutical products, basic products, soaps, perfumes and household chemicals). UK imports into France in 2015 were worth €2.4 bn (mainly pharmaceutical products and basic organic products). The UIC says it will pay particular attention to the consequences of the UK's withdrawal on past and future commercial agreement between the EU and other countries (the USA, Canada, Japan). The organization wants to maintain the competitiveness of French companies that have to follow different rules from their UK counterparts.
$452.4 M in 2Q 2015 to $454.6 M this year; total sales volume increased by 12% for 2Q 2016 but was largely offset by lower selling prices (primarily related to lower raw material costs) and negative foreign currency exchange effects due to the strength of the US dollar. Surfactant operating income was $27.2 M, up 12% versus the previous year benefiting from its internal efficiency programme, lower raw material costs and an 11% increase in volume. Particularly strong volume growth was reported in North America due largely to the long-term supply deal agreed with Sun Products last summer ['Focus on Surfactants', Sep 2015]. Surfactant net sales fell by $1.2 M to $298.6 M for the quarter. Polymer operating income was a record $31.0 M in 2Q 2016, a 32% increase versus 2Q 2015. Volumes were 14% higher and margins improved partially due to lower raw material costs. The effect of foreign currency translation negatively impacted Stepan's net income by $0.7 M versus 2Q 2015. In 1H 2016, reported net income was a record $55.5 M, a 45% increase versus $38.2 M in 1H 2015. Adjusted net income was a record $59.6 M, up 44% versus $41.3 M in 1H 2015. Total sales volume increased by 12% during 1H 2016. The effect of foreign currency translation negatively impacted net income by $2.2 M versus 1H 2015. Stepan's board of directors declared a quarterly cash dividend on its common stock of $0.19/share for 2Q 2016.
Original Source: Chimie Pharma Hebdo, 4 Jul 2016, (766), (Website: http://www.industrie.com/ chimie/) (in French) © ETAI Information 2016
For 1H 2016, ended 30 Jun 2016, Kao reported net sales of Yen 699.5 bn (c €6 bn) up by 0.4% from Yen 696.6 bn in 1H 2015. Operating income increased by 26.6% to Yen 81.1 bn from Yen 64.0 bn. Net income increased by 37.4% to Yen 50.6 bn in 1H 2016 from Yen 36.9 bn the previous year. Kao reported a 1.6% increase in its Beauty Care segment net sales to Yen 292.7 bn in 1H 2016 from Yen 288 bn in 1H 2015. Operating income almost doubled from Yen 10.9 bn in 1H 2015 to Yen 20.8 bn. The Fabric and Home Care segment's net sales increased by 4.2% to Yen 155.8 bn from Yen 149.6 bn. In fabric care, Kao noted increased sales of both laundry detergents and fabric softeners in
COMPANY RESULTS Stepan reports record 2Q and 1H 2016 earnings In 2Q 2016, Stepan Co reported net income of $27.9 M, a 65% increase versus $16.9 M in 2Q 2015. Adjusted net income was a record $30.1 M, a 44% increase versus $20.9 M a year earlier. Net sales rose slightly from
6
Original Source: Stepan Company, 2016. Found on PR Newswire, 20 Jul 2016, (Website: http://www.prnewswire.com)
Kao Corp’s consolidated financial results for 1H 2016
Japan, boosted by new and improved products, and particularly strong sales of its Attack Jaz1 powder detergent for hand washing in Indonesia ['Focus on Surfactants, Sep 2014]. Operating income for the segment increased by 29% to Yen 31.5 bn from Yen 24.5 bn. Kao reported a 5.8% drop in its Chemical segment's net sales in 1H 2016 to Yen 135.5 bn. Operating income for the segment decreased by Yen 0.2 bn to Yen 14.8 bn. Original Source: Kao, 28 Jul 2016 (Website: http://www.kao.com/jp/en/) © Kao Corporation 2016
UK’s Croda 1H 2016 adjusted pre-tax profit rises UK-based speciality chemical ingredient firm Croda reported a 9.4% year-onyear increase in its adjusted pre-tax profit to £148.5 M in 1H 2016 due to an improved operating margin. In 1H 2016, sales increased by 7.8% to £608.7 M while its adjusted operating profit increased by 8.4% to £152.6 M. The operating margin gained 0.2 percentage points to 25.1% in 1H 2016. Original Source: ICIS Chemical Business, 1-14 Aug 2016, 190 (4), 6 (Website: http://www.icis. com) © Reed Business Information Limited 2016
Huntsman announces 2Q 2016 results Huntsman Corp's net income in 2Q 2016 was $94 M compared to $39 M in 2Q 2015 and $62 M in 1Q 2016. Adjusted EBITDA was $325 M compared to $385 M in 2Q 2015 and $274 M in 1Q 2016. Revenues for 2Q 2016 were $2.54 bn, down from $2.74 bn a year earlier. Both revenues and adjusted EBITDA decreased for the company's Performance Products segment due largely to lower average selling prices and sales volumes. Net cash provided by operating activities was $355 M. Free cash flow generation was $282 M. The company subsequently made a $100 M early repayment of debt in Jul 2016. Original Source: Huntsman, 27 Jul 2016, (Website: http://www.huntsman.com/) © Huntsman International LLC 2016
Unilever profits from high prices in 1H 2016 Consumer goods giant Unilever had net profits of €2.51 bn in 1H 2016, compared with €2.49 bn a year earlier. Adverse
September 2016