Issue 22/2021 - The chemical giant's third quarter results at a glance

Covestro's sales in the third quarter increased by 55.
9 percent year-on-year to approximately EUR 4.
3 billion, compared to approximately EUR 2.
8 billion in the same period last year, with core volumes up slightly by 0.
8 percent.
EBITDA rose 89.
0 percent to €862 million, compared to €456 million in the prior-year period, net income more than doubled to €472 million, compared to €179 million in the prior-year period, and free operating cash flow (FOCF) rose 5.
5 percent to €381 million, compared to €
361 million in the prior-year period.

LANXESS sales in the third quarter increased by 33.
5 percent to EUR 1,951 million, net income from continuing operations was EUR 68 million, up from EUR 25 million in the prior-year quarter, and EBITDA from ordinary business increased by 44.
0 % to EUR 278 million, compared to EUR 193 million in
the prior-year period.

Evonik increased sales by 33 percent to €3.
87 billion, adjusted net profit by 45 percent to €269 million, adjusted earnings per share from €0.
40 to €0.
58 and adjusted EBITDA up 24 percent to €97 million.
Free cash flow increased by 68 percent to EUR 524 million
.

Henkel's Group sales rose by 1.
9 percent to €509.
2 billion in the third quarter, organically (i.
e.
adjusted for foreign exchange and acquisitions/divestments) by 3.
5 percent
.
Organic sales in Africa/Middle East increased by 8.
1%, Latin America by 9.
0%, Asia Pacific by 7.
5%, Western Europe by 1.
1% and North America by -2.
6%.

BP's adjusted net profit in the third quarter was US$3.
322 billion, a year-on-year increase of 3762.
79%; Cash from operations was $5,976 million, compared to $5,204 million
in the same period last year.

Saudi Aramco's net profit in the third quarter increased 158% year-over-year to $30.
4 billion; Cash flow from operating activities was $36.
3 billion; Free cash flow was $18.
7 billion, compared to $12.
4 billion in the year-ago quarter.

Honeywell's sales increased 9% in the third quarter, while Aerospace Group Aftermarket, Safety and Productivity Solutions Group, Performance Materials and Technologies Group UOP and Performance Materials business sales increased 38%, 21%, 29% and 14%, respectively, driving organic sales growth of 8%.

Corning's core sales for the third quarter were $3.
6 billion, up 21% year-over-year and 4% sequentially.
Core EPS of $0.
56 increased 30% year-over-year and 6% sequentially; Free cash flow was $497 million, compared to $1.
3 billion
in the first three quarters of 2021.

SABIC sales totaled SAR 43.
7 billion ($11.
65 billion) in the third quarter, up 3% sequentially; Operating income was SAR 7.
7 billion ($2.
05 billion) and net income was SAR 5.
59 billion ($1.
49 billion).

Bayer's sales in the third quarter increased by 14.
3 percent to EUR 9,781 million, EBITDA before special items rose by 16.
4 percent to EUR 2,089 million, earnings per share increased by 29.
6 percent to EUR 1.
05 and free cash flow was EUR 1,954 million
.
Sales in agriculture increased by 25.
8% to EUR 3.
85 billion, sales in prescription drugs increased by 7.
1% to EUR 4,539 million, and sales of self-care products increased by 10.
9% to EUR 1,346 million
.

ExxonMobil turned a year-over-year profit in the third quarter, with profit at its highest level
since 2017.
Among them, revenue was 73.
786 billion US dollars, compared with 46.
199 billion US dollars in the same period last year, a year-on-year increase of 59.
7%; Net income was $6.
75 billion, compared to a net loss of $680 million in
the same period last year.