Wipro Consumer plans aggressive expansion

• Publisher: Elsevier Science
• Year: 2010
• Weight: 62 KB
• Volume: 2010
• Category: Article
• ISSN: 1351-4210
• DOI: 10.1016/s1351-4210(10)70219-5

✦ Synopsis

net sales of €245 M (€209 M for its 1Q 2009) and recurring EBITDA of €38 M (€14 M). Novecare reported significant improvement in profit driven by increased activity (volumes up by 18% year-on-year) across all regions, particularly in Asia. Volumes in the Industrial and the Agrochemical markets enjoyed a strong recovery. The Oilfield chemicals business is progressively recovering quarter after quarter. In 2Q 2010, Novecare should continue to deliver good performance.