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Orion Engineered Carbons S.A. Announces Second Quarter 2014 Financial Results


2014 Second Quarter Highlights

  • Revenue of €341.3 million
  • Sales volume increased by 2.0% to 255.9kmt
  • Adjusted EBITDA increased by 8.2% to €56.0 million, driven by improvements in both Specialty Carbon Black and Rubber Carbon Black 1
  • Loss for the period of €6.4 million includes a one off IPO and Pre-Refinancing interest costs
  • Introducing FY 2014 Adjusted EBITDA guidance of €200 to €207 million

Luxembourg, Duchy of Luxembourg – September 4, 2014 - Orion Engineered Carbons S.A. ("Orion" or the "Company") (NYSE: OEC), a worldwide supplier of specialty and high-performance carbon black, today announced results for its second quarter of 2014.

"We were pleased with our second quarter results, as we grew our sales volume and improved our contribution margin, which enabled the Company to deliver solid Adjusted EBITDA growth of over 8%. During the quarter we delivered improved performance from both of our segments, with strong volume growth in our Specialty Carbon Black segment and expanding margins in our Rubber Carbon Black segment. ” said Jack Clem, Orion’s Chief Executive Officer.

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Diana Downey
Investor Relations
+1 832-445-3865

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