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Arkema Announces Second Quarter 2018 Results

Sales up 6.7% year on year to €2,270 million, with 8% EBIDTA growth.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Arkema reported its second quarter 2018 results. The company reported that sales were up 6.7% year on year to €2,270 million, with 8% EBIDTA growth from Q2 2017 to €430 million. All three divisions reported EBITDA growth despite the unfavorable effect of currencies and raw materials. The EBITDA margin was up to 18.9% from 18.1% in Q2 2017.
 
“For the first time in the Group’s history, quarterly EBITDA exceeded €400 million, a record high,” Thierry Le Hénaff, Arkema chairman and CEO, said. “In a persistently volatile global context, marked by high raw materials costs, an unfavorable currency effect and geopolitical tensions, the Group benefited from its growth strategy and strong commercial and industrial positioning. Arkema’s performance was led by high demand for advanced materials in the areas of lightweight materials, 3D printing, new energies and consumer goods, by targeted acquisitions in adhesives and by robust momentum for our intermediate chemical businesses.”

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