Home / Knowledge / News / Textiles / Arkema records EBITDA margin of 15% in 2013
Arkema records EBITDA margin of 15% in 2013
04
Mar '14
“With a solid EBITDA margin of around 15%, Arkema in 2013 demonstrated its ability to adapt to a less favourable environment than in 2012.
 
In this context, Arkema continued to strengthen its relationships with its major commercial partners, controlled its fixed costs rigorously, and continued to optimize its industrial operations. 
 
The Group also continued to resolutely implement its long-term strategy through a large number of projects which will bear fruit in the near future, for example, the construction of the thiochemicals platform in Malaysia, the announcement of our first industrial investment in the Middle East and the acquisition of Jurong’s acrylic assets in China, all of which are highly promising projects that demonstrate our know-how. 
 
Highlights: 
-€6.1 billion sales close to 2012 sales at constant scope of business and foreign exchange rate, supported by volumes up by +1.4%
-Solid EBITDA margin close to 15%
-€902 million EBITDA (down 7% at constant scope of business and exchange rate)
-Sharp improvement in High Performance Materials results in Q4, but full year performance down compared to the high basis of comparison in 2012
-5% EBITDA growth in Coating Solutions supported by capex and improvement in the decorative paint market in North America
-Performance of Industrial Specialties impacted by market conditions in Fluorogases
-€923 million net debt (1x EBITDA)
-4Q'13: adjusted net income up 4.5% on last year, driven by sharp improvement in High Performance Materials
-Proposed dividend of €1.85 per share (€1.80 for 2012)
 
Thierry Le Hénaff says, “The quality and diversity of our projects bolster our confidence in our ability to achieve our medium-term targets and illustrate the Company’s potential for further value creation.”
 
Outlook
For 2014, market conditions should remain contrasted between the various regions. Meanwhile, a stable €/$ exchange rate compared to last year is assumed.
 
In 2014, the Group will pursue its growth strategy by implementing a capex program of some €450 million. The closing of the project to acquire Jurong’s acrylics assets in China, the start up of the Thiochemicals platform in Malaysia, the acceleration of R&D programs on composites, bio-sourced polymers and batteries and the implementation of productivity initiatives will be the top priorities of the year.
 
While remaining cautious about the economic environment, Arkema is confident in its ability to grow EBITDA in 2014. Over the longer term, Arkema confirms its ambition to achieve €8 billion sales and a 16% EBITDA margin by 2016, and €10 billion sales and close to 17% EBITDA margin by 2020.

Arkema


Must ReadView All

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Apparel/Garments | On 15th Dec 2017

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Strategic location, modern factory facilities and proximity to the...

Courtesy: 2XU

Apparel/Garments | On 15th Dec 2017

L Catterton Asia announces JV of GXG and 2XU

L Catterton Asia, the Asian unit of the largest and most global...

15 trade associations urge nations to safeguard WTO system

Apparel/Garments | On 15th Dec 2017

15 trade associations urge nations to safeguard WTO system

Fifteen trade and industry associations from across the world have...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Mark Paterson
Technical Absorbents Ltd

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

Marten Alkhagen
Swerea IVF AB

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search