Home / Knowledge / News / Textiles / Arkema Q1 sales remain stable at €1,523mn
Arkema Q1 sales remain stable at €1,523mn
07
May '14
Arkema announces first quarter results for 2014.
 
Highlights: 
-€1,523 million sales, 0.7% up at constant exchange rate and scope of business
-Volumes 3.3% up
-2.6% price / product mix effect mostly in fluorogases
-€213 million EBITDA, down 9% (7% up excluding fluorogases)
-EBITDA 19% up in High Performance Materials supported by volume growth
-Confirmation of good resilience of Coating Solutions in a mixed environment
-In Industrial Specialties, beginning of the year impacted by more challenging market conditions than last year in fluorogases
-14.0% EBITDA margin
-€77 million net income Group share (Q1 2013: -€30 million)
-€1,007 million net debt stable compared to end March 2013
 
FIRST QUARTER 2014 ACTIVITY 
Sales stood at €1,523 million against €1,563 million in 1st quarter 2013. Volumes grew by 3.3% compared to 1st quarter 2013, sustained by more favourable market conditions than at the beginning of 2013 in High Performance Materials and by solid volumes in the Coating Solutions segment. The -2.6% price effect essentially reflects lower prices and an unfavourable product mix in fluorogases. 
 
The currency translation effect, mostly related to the weakening of the US dollar compared to the euro, amounted to -2.1%. The -1.2% scope of business effect reflects the deconsolidation of the coating resins companies in South Africa currently being divested and the change in the consolidation method for certain joint ventures.
 
EBITDA reached €213 million (€234 million in 1st quarter 2013) and EBITDA margin stood at 14%. A strong increase in volumes combined with productivity efforts and a strict control of fixed costs helped mitigate the impact, in fluorogases, of lower unit margins and an unfavorable product mix compared to the very high basis of comparison last year, as well as the strength of the euro compared to the US dollar. 
 
Excluding fluorogases, EBITDA grew by 7% in an economic environment that remains mixed. The level of activity in the United States was affected by the impact of a particularly harsh winter. Progress in Europe remained gradual and limited to certain markets such as automotive and decorative paints. Finally, growth in China remained moderate at the start of the year.
 
Click here to view full results.
 

Arkema


Must ReadView All

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

C Dhandayuthapani

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

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Eamonn Tighe
Nature Works LLC

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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 2018

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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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