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Rhodia Reports Q2 2011 Financials

Posted: August 8, 2011

Rhodia reported its second quarter 2011 financial results, showing gains from its profitable growth strategy. The company saw a 22% increase in net sales (€1,617 million in Q2 2011 vs. €1,330 million in Q2 2010), as well as its highest ever EBITDA at €297 million, an increase of 31% over Q2 2010. Additionally, the company reported its volumes have increased by 7%, and it saw a net profit of €113 million.

“In Q2, we delivered a further set of strong results, illustrating the remarkable execution of our profitable growth strategy. We continue to benefit from solid levels of demand across segments and regions as well as excellent pricing power,” Rhodia chairman and CEO Jean-Pierre Clamadieu commented. “We now look forward to creating with Solvay a major player in the chemical industry. Together, we will combine our respective strengths to further accelerate our growth dynamic.”