Nouryon Increases 2020 Profitability with Focus on Customers and Operations
Click:40    DateTime:Mar.24,2021

Nouryon increased its profit in its full-year 2020 financial results with continued commitment to customers and disciplined cost management.

“I am pleased with our 2020 results as they reflect our responsiveness to customer needs and a strategic investment in high-growth and resilient end markets,” said Nouryon Chairman and CEO Charlie Shaver.

“The strength of our portfolio is evident in the diversity of our customer base and the global nature of our businesses. That strength is supported by the cost discipline of our team, and our ability to bring innovative, new and sustainable solutions to market in a timely way,” he said.

Overall demand remained robust in many of Nouryon’s key end markets, such as agriculture and home care, with reduced volumes in some markets due to the COVID-19 pandemic. Full-year 2020 revenue decreased by 4% due to lower prices and volumes, while adjusted EBITDA increased by 3% to Euro 1 162 million. The company’s strong cash position also enabled it to voluntarily repay Euro 100 million of its Euro term loan.