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Celanese Beats Q4 Estimates, Sees Increase In 2010 EBITDA (CE) - 2/9/2010 7:43:19 AM

2/9/2010- Celanese (NYSE:CE) reported fiscal Q4 EPS of 50 cents, ex-items, ahead of the consensus estimates of 47 cents per share.

Revenues for the quarter rose 8% year-over-year to $1.38 billion, topping the consensus estimates of $1.25 billion.

The company said that it remains confident in its ability to increase operating EBITDA in 2010 by about $200 million compared with 2009.

Chairman and CEO David Weidman said, "Our businesses performed well during the quarter, reflecting the strength of our leading global positions and our commitment to operational excellence and value creation. Overall industrial and consumer demand was maintained from the third quarter and improved significantly from the fourth quarter of 2008. Although 2009 was a challenging year for the global economies, Celanese made significant progress in executing its growth strategy and is well positioned to benefit as the economy recovers."


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