January–June 2019 (1–6/2018): •Sales were EUR 2,809 million (2,904). •Operating result was EUR 232 million (412). Comparable operating result was EUR 308 million (418). •Result before tax was EUR 202 million (368). Comparable result before tax was EUR 279 million (374). •Comparable return on capital employed was 12.1% (16.9). •Cash flow from operations was EUR 183 million (276). April–June 2019 (4–6/2018): •Sales were EUR 1,372 million (1,477). •Operating result was EUR 49 million (204). Comparable operating result was EUR 128 million (210). •Result before tax was EUR 36 million (184). Comparable result before tax was EUR 115 million (189). •Comparable return on capital employed was 10.2% (17.0). •Cash flow from operations was EUR 142 million (242).
Solenis, a leading global producer of specialty chemicals, will increase prices by seven percent on most (AKD) sizing products and all wet strength products across the North America region, effective immediately or as customer contracts allow. The price increase is necessary due to the increase in certain raw material costs combined with a tightening overall global supply chain.
“We are unable to absorb the impact of the increased costs that we are currently experiencing but we will continue to work in partnership with our customers to help mitigate the increases,” said Jose Santolaya, global product director, Functional Chemicals, Pulp and Paper.
“Solenis remains committed to controlling costs through process improvements to deliver high value, innovative solutions that our customers have come to expect,” said Wanderley Flosi, vice president North America, Pulp and Paper.