Home / Knowledge / News / Textiles / Chemicals producer Arkema posts near to stable Q3 sales
Chemicals producer Arkema posts near to stable Q3 sales
07
Nov '13
The Board of Directors of Arkema met on 6th November 2013 to close the Group’s consolidated accounts for 3rd quarter 2013.

THIRD QUARTER 2013 ACTIVITY

Sales in 3rd quarter 2013 stood at €1,495 million, close to 3rd quarter 2012 sales at constant scope of business and exchange rates. Volumes were up overall (+0.9%), sustained by the Coating Solutions segment which benefited from growth capex in North America in a favorably oriented market.

The -2.0% price / product mix effect primarily reflected a rise in raw material costs for acrylics, a decrease in price of certain fluorogases, and a less favorable product mix in High Performance Materials. The -2.5% scope of business effect corresponded to the divestment of the tin stabilizer business. The significant translation effect (-3.4%) was related to the sharp decrease of the US dollar and the yen vs the euro.

In a less favorable economic environment than last year, Arkema reported €233 million EBITDA against €266 million in 3rd quarter 2012. The High Performance Materials segment achieved a good performance, albeit significantly down on 3rd quarter 2012 which represented a very high basis of comparison, sustained at the time by strong demand in the oil and gas and the photovoltaic markets.

The Coating Solutions segment confirmed its resilience despite a significant increase in the cost of raw materials. The Industrial Specialties segment was affected by challenging market conditions in fluorogases and PMMA in Europe. Finally, the strengthening of the euro relative to certain currencies, in particular the US dollar and the yen, impacted EBITDA with a -€9 million translation effect together with the transaction effect for a close amount. EBITDA margin reached 15.6%. This good level reflects the strong positions which Arkema has developed in specialty chemicals.

Recurring operating income stood at €154 million against €189 million in 3rd quarter 2012, following deduction of €79 million depreciation and amortization, slightly up on last year due to the startup of new capacities in the United States.

Non-recurring items stood at -€37 million. These mostly correspond to restructuring charges and write-off  recorded following the announcement of the proposed shutdown of the Chauny site in France.

Click here to read full results

Arkema


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 23rd Oct 2021

FDRA urges US govt to remove tariffs causing kids' shoe price spikes

The Footwear Distributors and Retailers of America (FDRA) has sent...

Pic: Sorbis / Shutterstock.com

Fashion | On 23rd Oct 2021

Calvin Klein & Louis Vuitton top 2 trustworthy brands for US customers

Calvin Klein, an iconic American brand that has existed since 1968,...

Pic: Breuninger

E-commerce | On 23rd Oct 2021

Fashion retailer Breuninger to launch e-commerce portal in Poland

After Austria (2017) and Switzerland (2019), fashion company...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Sanjay Jhunjhunwalla,

Sanjay Jhunjhunwalla

In the financial hub of eastern India, Kolkata, a humble production...

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Ghatit Laheru,

Ghatit Laheru

When the 2001 tremblor wrecked the Kachchh region of Gujarat throwing many ...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

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

Leave your Comments


October 2021

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


Advanced Search