 | Univar Reports First-Half 2007 Results: Sales Up 16.4% to USD 3,951.8 Million, EBITDA Up 14.0% To USD 166.4 Million
Rotterdam, The Netherlands - August 9, 2007 - Univar N.V. (Euronext Amsterdam: UNIVR), a world leader in chemical distribution, today announced its results for the six months ended June 30, 2007.
Highlights 1H 2007
• First-half 2007 consolidated net sales increased 16.4% from the year-ago six month period, to USD 3,951.8 million from USD 3,395.4 million. The sales increase was due primarily to the acquisition of CHEMCENTRAL Corporation in April, 2007.
• Organic growth was 5.1%.
• EBITDA grew by 14.0%, to USD 166.4 million from USD 146.0 million a year ago, driven primarily by the acquisition of CHEMCENTRAL. EBIT rose 9.2% to USD 135.5 million from USD 124.1 million in the comparable year-ago period.
• Net income declined 1.4% in 1H 2007, to USD 69.3 million from USD 70.3 million in the year-ago period, primarily a result of the substantial increase in interest expense associated with the acquisition of CHEMCENTRAL.
To review the second-quarter results and the entire press release, click on the document below. |