US Dow’s Q4 EBITDA rises by 20% on higher sales
by ChemOrbis Editorial Team - content@chemorbis.com
Dow Chemical Company’s operating EBITDA for the fourth quarter was at $1.78 billion, up by nearly 20% when compared to the same period of 2019. The EBITDA indicated a small increase of around 2% from the third quarter.
Higher results were attributed to higher sales and margins thanks to continued recovery in global economy, the company explained in a press release. Net sales increased by 5% from a year earlier to $10.7 billion due to higher local prices and sales volumes.
In the Packaging & Specialty Plastics segment, operating EBIT surged by around 20.5% on a yearly and quarterly basis to $780 million. Net sales reached $5.12 billion, indicating an increase of 6% from a year earlier and 12% from the previous quarter.
Higher results were attributed to higher sales and margins thanks to continued recovery in global economy, the company explained in a press release. Net sales increased by 5% from a year earlier to $10.7 billion due to higher local prices and sales volumes.
In the Packaging & Specialty Plastics segment, operating EBIT surged by around 20.5% on a yearly and quarterly basis to $780 million. Net sales reached $5.12 billion, indicating an increase of 6% from a year earlier and 12% from the previous quarter.
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