Leverkusen, Germany -- Bayer Group sales reached EUR10.4bn in Q2 2014 – a rise of 9% on Q2, 2013
The company’s EBITDA (earnings before interest tax and deprecation) was reported at EUR2.2bn - a 1% increase on the same quarter in 2013.
In the company’s MaterialScience division, polymers sales reached EUR2.8bn – a similar level to Q2, 2013 the company said, however, adjusting sales figures for currency and portfolio effects showed a rise of 3.6%, it added.
Management board chairman Marijn Dekkers said: "This growth was due to significantly higher volumes for polycarbonates; polyurethanes and coatings, adhesives and specialties.
“Higher volumes in North America, Europe and the Asia Pacific more than offset volume declines in Latin America, Africa and the Middle East. Selling prices were below the prior-year period in all regions," said Dekkers.
Sales of foam raw materials grew by 3% while in the coatings, adhesives and specialties unit there was a 3.7% hike in sales, which the company attributed to “higher volumes in nearly all regions'' Dekkers said.
Negative factors were a drop in selling prices and costs for scheduled maintenance shut downs in Asia and North America.
MaterialScience continues to expect sales to increase in 2014 by a mid-single-digit percentage and expects to increase sales and EBITDA before special items compared to the second quarter.
XE Currency conversion: July 30, 2014