Significant Growth for Borealis

Industrials › Chemicals ♦ Published: February 26, 2011; 00:01 ♦ (Vindobona)

The Austrian chemical company records substantial growth in sales. Profits grew from € 38m to € 333m.

Growth for Borealis / Picture: © Borealis

Borealis, a provider of chemical and innovative plastics solutions, announces a net profit of € 333 m for the full year 2010, compared to € 38 m in 2009. Return on capital employed (ROCE) increased to 10% for 2010, up from 2% in 2009. Borealis maintains a solid financial position with gearing reduced to 37% compared to 43% at the end of 2009, despite net debt increasing by € 27 m…

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