Home / Knowledge / News / Textiles / Arkema posts marginal fall in Q2 sales
Arkema posts marginal fall in Q2 sales
01
Aug '13
The Board of Directors of Arkema met on July 31st 2013 to close the condensed consolidated accounts of Arkema for 1st half 2013.

Highlights:

- €1,629 million sales, 1.7% down at constant exchange rate and scope of business

- Volumes +3.5% up, mainly supported by Coating Solutions segment

- €273 million EBITDA and 16.8% EBITDA margin

High Performance Materials result significantly up versus 1st quarter 2013 but down versus high basis of comparison of 2012

Strong margin in Industrial Specialties despite adverse impact of weather conditions on fluorogases

Resilient performance of Coating Solutions but mixed results between the regions

- €112 million net income Group share, i.e. 7% of sales

At the end of the meeting, Thierry Le Hénaff, Chairman and CEO, stated: “In 2nd quarter, Arkema confirmed the strength of its results in a less favorable economic environment than last year which also shows strong disparities from one geographic region to another.

“Market conditions in Europe are challenging, in particular in France where growth prospects have deteriorated since the end of last year and where the Group continues to consider ways to improve its productivity.

“Nevertheless, the Group benefited from its balanced geographic presence worldwide, its growing footprint in North America, and its diversified end-markets and continued to benefit from its positioning in high added value specialty businesses. The Group actively reinforced its assets as shown by the capacity extension of its acrylic production capacities in North America in the 2nd quarter, and the construction of its Thiochemicals platform in Malaysia.”

Click here to view full results

Arkema

Must ReadView All

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Textiles | On 18th Jan 2017

Schoeller unveils water-repelling fabric ‘bling’

Schoeller textiles, Swiss textile company, has released its new...

Textiles | On 18th Jan 2017

China lays out plan to boost foreign investment

The Government of China has outlined measures to boost foreign...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search