Biesterfeld 2014 Results show slight Increase in Sales

Plastics and specialty chemicals distribution group Biesterfeld AG (Hamburg, Germany) announced last week that it increased its turnover in 2014 by 2.0% to a level of approx. EUR 1’078 mn.

Biesterfeld Plastics continues to be the largest unit with a turnover of EUR 588 mn (270 employees). Biesterfeld Spezialchemie and Biesterfeld International account for EUR 219 mn (244 employees) and EUR 260 mn (110 employees) respectively. Western Europe including Germany accounts for 60% of the turnover.

Operative earnings were by 10.2% to a level of EUR 32.4 mn, despite what Thomas Arnold, Chairman of the Executive Board described as “inconsistent price and market developments worldwide, the decline in oil prices in the second half of the year and the consequences of the Russian-Ukraine.”

Source: Biesterfeld press release and website

HGE – DCG / 11.05.2015