Sales volume and price drop impact Achema revenueDuring the first nine months of 2009 Achema revenue was 224 million EUR or 54 percent less than during the same period last year, when revenue amounted to 483 million EUR.
According to Achema General Director, the main reasons of income loss remain the same: low sales volumes and price levels. These characteristics of market downturn clearly influenced company performance, - notes the director - prices continue to fall, prices of our main raw material - natural gas - are constantly rising from July, despite the fact that in the fist half of the year they were down 19 percent, compared to the same period in 2008.
During the first nine months of 2009 the overall sales of basic production decreased by 21 percent, compared to the same period last year, i.e. from 1,8 up to 1,4 million tonnes. Average sale prices of individual products dramatically dropped by 46 percent, compared to the first nine months of 2008.