THE RIGHT MIX

摘要

UNIVAR SOLUTIONS HAS reported adjusted net income of $97.4m for the second quarter, well ahead of last year's $55.7m, with adjusted EBITDA rising from $163.2m to $197.5m. "We are pleased with another strong quarter of results based on the successful execution of our growing together strategy, the advancement of our Streamline 2022 〔S22〕 programme, and market share growth," says David Jukes, president/CEO."In a period of strong customer demand and constrained supply, we believe our operating infrastructure and ability to identify trends, grow our supplier and customer relationships, as well as build on investments in both digital and our growing global specialty end market verticals, has us well-positioned to support our customer and supplier partners.""As we enter the back half of 2021, we expect more normalised margins and continued market share growth as we keep the customer at the centre of all we do," Jukes adds.In the US, external sales increased by 28.3 per cent compared to a year earlier, primarily due to higher industrial end market demand and chemical price inflation. In Canada, sales fell by 28 per cent following Univar's exit last year from the Canadian agriculture sector; adjusted EBITDA was down by just 0.8 per cent, again as a result of returning demand from industrial end markets and chemical price inflation. Similar conditions were experienced in the EMEA division, where sales were up by 23 per cent year-on-year, tempered only by the divestiture last year of Distrupol. Sales in Univar's smallest division, Latin America, were up by 53.3 per cent, largely due to higher demand for products in industrial solutions as well as chemical price inflation.