15 May 2014
Details
In total, HELM AG succeeded in
generating gratifying results once again in fiscal 2013.
It was possible for revenues volumes
to be defended in nearly all business units,
making it possible for
global sales at EUR 9.67 billion
to almost match the record level of the previous year
(down by as little as 3%).
The slight decline is essentially
due to the lower fertilizer prices and
the development of the US dollar’s exchange rate
in relation to the euro.
Expressed in USD, revenues were
at the previous year’s level.
Consolidated results: performance figures
in EUR million 2013 2012 2011
Revenues
Global revenues 9,666 9,978 9,503
(-3%) (+5%)
Foreign revenues 5,018 5,352 5,087
(-6%) (+5%)
Profit
EBITDA 120.5 209.5 121.8
(-42%) (+72%)
Earnings before taxes 109.7 197.4 106.7
(-44%) (+85%)
Consolidated net income 82.2 160.2 77.5
(-49%) (+107%)
Outlook for 2014
Hans-Christian Sievers,
Chairman of Helm AG
A further slight recovery of the world economy
is anticipated for 2014,
based on a moderate economic revitalisation
in Europe and the Americas as well as
in a number of countries in Asia.
The demand situation for chemical products
can be described as stable.
* Continual investments in our product development,
* our joint ventures in production facilities and
* long-term marketing agreements
represent a solid starting point
for the financial year 2014.
The 1st quarter of 2014 already reflected
a very good quarterly result with stable sales,
representing an encouraging start to the new year.
This development was buttressed
in particular by the Fertilizer,
Feedstocks and Derivatives business units.
We are highly satisfied with the results
for the 1st quarter and
we are also confident for the coming months and
expect very good half-year statistics.
In addition to the targeted extension of
* the US as a supply source
for petrochemical base products,
* the development of Asia
as a sales region enjoys top priority.
For the targeted development of
new supply sources and long-term marketing agreements,
HELM plans to establish
a specialised Project Development division.
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