Arkema's sales, earnings decline

摘要

Arkema reports a decline in second-quarter sales and earnings due to the COVID-19 pandemic. EBITDA was down 29.7% year on year (YOY) at €286 million ($336.2 million). Specialty materials EBITDA was 23.4% lower at €233 million, while intermediates saw a 48.0% decline to €66 million. EBITDA margin was down from 18.1% in the second quarter of 2019 to 15.0% in the latest quarter.