Arkema: First-Quarter 2024 Results
ARKEMA S/ADR (ARKAY)
NASDAQ:AMEX Investor Relations:
arkema.com/en/investor-relations
Company Research
Source: Business Wire
Arkema records robust EBITDA for first-quarter 2024, in line with its full-year guidance, in a broadly unchanged economic environment COLOMBES, France--(BUSINESS WIRE)--Regulatory News:Arkema (Paris:AKE):Sales of €2.3 billion, down by 7.3% year-on-year:Slight volume growth in the 3 Specialty Materials segments (+2.7%)Good momentum in certain markets such as structural bonding, sports, automotive and energyNegative 8.4% price effect in Specialty Materials, mainly reflecting lower raw material prices and still unfavorable market conditions in upstream acrylics and PVDFEBITDA at €350 million, down slightly year-on-year (€367 million in Q1'23), supported in particular by the improving performance of industrial adhesives, high performance polymers and the downstream of Coating Solutions, but impacted by lower PVDF and acrylics prices compared with the high comparison base of Q1'23EBITDA margin up slightly to 15.0%, reflecting the dynamic management of selling prices and the benefit of t
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