Issue 4/2019 - Chemical giants at a glance

DowDuPont fourth-quarter net revenue was $20.
1 billion, unchanged from a year ago but less than analysts' estimates of $20.
92 billion, and net income from continuing operations was $513 million, compared with a net loss of $1.
2 billion
in the year-ago quarter, affected by lower sales of chemicals used in currency and packaging and brake fluids.
DowDuPont is in the process of being spun off into three companies, and the new DuPont will be spun off by April 2019; The agricultural division Corteva Agriscience will be spun off
in early June.


For the fourth quarter of 2018, Huntsman posted a net loss of $315 million, adjusted net income of $123 million and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $275 million
.
For the full year 2018, Huntsman reported net income of $650 million, adjusted net income of $808 million and adjusted EBITDA of $1.
469 billion, up from $1.
259 billion
the previous year.


In the fourth quarter of 2018, Kemira's operating income increased by 4% to EUR 661.
8 million and EBITDA by 4% to EUR
81.
3 million due to the continuous increase in selling prices in all product categories worldwide.
For the full year 2018, Kemira's operating income increased by 4 percent to EUR 2,592.
8 million and EBITDA by 11 % to EUR 314.
8 million
, driven by higher selling prices.


Eastman reported Eastman sales revenue of $2.
376 billion, up $14 million, and EBIT of $135 million
, down $11 billion.
The decrease in EBIT was mainly due to a year-on-year increase in raw material, energy and distribution costs of around 8 percent
.
For the full year of 2018, Eastman's sales revenue reached $10.
151 billion, a year-on-year increase of 6%; EBIT increased by $22 million to $1,552 million
.