The results are very strong (although discounted) and benefit from the surge in polyolefin prices. Polypropylene and polyethylene margins were up more than 45% qoq. The supply is improving in H2, therefore margins are softening but should be higher than in Q1. The gearing level is now at 34%, and is getting closer to the 30% target, and is already at 30% when accounting for the signed divestments.
28 Jul 2021
Q2: margins to soften, but to remain strong
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q2: margins to soften, but to remain strong
The results are very strong (although discounted) and benefit from the surge in polyolefin prices. Polypropylene and polyethylene margins were up more than 45% qoq. The supply is improving in H2, therefore margins are softening but should be higher than in Q1. The gearing level is now at 34%, and is getting closer to the 30% target, and is already at 30% when accounting for the signed divestments.