Sales -3% in Q1/2020
During this period the Fiber portfolio was partially impacted by lockdowns in China, India and Italy. The Mobility Fiber portfolio faces headwinds from GDP contraction. The quarter provided strong positive momentum to the global businesses of Hygiene Fibers and the Integrated PET leadership in both volumes and margins as well as management of the regional supply chains, during this period of enhanced demand.
During these complex times of the COVID-19 global pandemic coupled with an historic collapse in the crude oil price, IVL’s performance has shown high resilience with its regionalized geographical footprint, market segment participation and feedstock adaptability.