Univar sales up 14.1%

Published: 13-Nov-2006

Chemical distributor Univar has announced Q3 net sales up 14.1% to $1,655m, an increase of 25.1%. EBIT increased 25.1% to $53.9m thanks to revenue increases at all three major operating business units.


Chemical distributor Univar has announced Q3 net sales up 14.1% to $1,655m, an increase of 25.1%. EBIT increased 25.1% to $53.9m thanks to revenue increases at all three major operating business units.

“Higher chemical prices combined with volume improvement to drive sales, gross margin and EBIT growth throughout Univar,” says the company. “Chemical pricing in Q3 was generally at increased levels in Europe, and mostly higher in North America, where the decline in the price of crude oil did affect the pricing of some chemical products.” Univar says its improved business results to 30 September are attributable primarily to solid growth in consolidated sales and gross margin and comparatively limited operating expense growth.

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