Fri 09/29/2023 06:18 AM
German chemicals company Roehm’s earnings dove 63% year over year in the second quarter, as the slow pace of recovery in Asia and returning recession fears in the U.S. weighed on demand, pushing pro forma adjusted net leverage past the 6x mark. However, construction of its LiMA plant remains on track while sponsor Advent International’s
equity injection has left the group with sufficient liquidity to ride out the downcycle, sources said.
Revenue dropped 18.7% year over year to €391...
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