Arkema’s profits down on lower demand from automotive, electronics, oil & gas markets

摘要

Arkema (Paris, France) today reported a drop in first-quarter profits with adjusted net income down 15.4% to €165 million ($184.7 million) and EBITDA declining 3.4% to €370 million. EBITDA margin in the quarter was 16.7% compared with 17.6% in the first quarter of 2018. Sales, however, rose 2.0% to €2.22 billion. Selling prices were up 1.3% on the back of continued actions to raise prices in the high-performance materials division and the downstream acrylics unit. Volumes declined 2.5% compared with those recorded in the first quarter of last year. Coating Solutions benefited from good market dynamics but the high-performance materials business was hurt by lower demand from the automotive, electronics, and oil and gas markets.