Arkema: First-quarter 2019 results
ARKEMA S/ADR (ARKAY)
NASDAQ:AMEX Investor Relations:
arkema.com/en/investor-relations
Company Research
Source: Business Wire
Sales up 2.0% year on year to €2,215 million. Increased selling prices (+4.7% in the High Performance Materials division) EBITDA at €370 million, close to the record performance of first-quarter 2018 (€383 million), in a volatile and mixed economic environment EBITDA growth for specialties (71% of Group sales) despite the decline of certain end-markets (automotive, electronics) Lower performance, as expected, for intermediates (1) (29% of Group sales) compared with last year’s record high comparison base Very solid EBITDA margin at 16.7% Adjusted net income at €165 million, representing 7.4% of sales Strong cash generation for a first quarter, with free cash flow increasing to €73 million (€25 million outflow in first-quarter 2018)
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