Borealis Shows Strong Growth

Business › n.a. ♦ Published: February 23, 2012; 17:22 ♦ (Vindobona)

The Austrian chemical company announces a net profit of € 507m in 2011, compared to € 333m in 2010. Sales rose from € 6.27bn to € 7.1bn.

Borealis Shows Strong Growth / Picture: © Borealis

Borealis, a provider of chemical and innovative plastics solutions, recorded a net profit of € 507m in 2011, compared to € 333m in 2010.  Net sales were up from € 6.269bn in 2010 to € 7.096bn in 2011. However, net profits only reached € 58m in the last quarter of 2011 after € 134m in the fourth quarter of 2010. The company delivered a return on capital employed (ROCE) of…

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