Texas, US – Sales at Huntsman amounted to $8023m in 2022, up 4.6% on the previous year. However, adjusted EBITDA fell by 7.3%, from $1246m in 2021 to $1155m in 2022. Performance in the fourth quarter had a significant impact on the year’s overall figures, with the company making a net loss of $91m. This compares to a net income of $597m in the final quarter of 2021.
While sales in polyurethanes, the company’s largest business unit, were up very slightly from $5019m in 2021 to $5067 in 2022, adjusted EBITDA dropped sharply. The decline from 2021’s $879m to $628m in 2022 represents a fall of 29%.