Arkema Releases Second Quarter 2019 Results

August 05 2019

Arkema’s Board of Directors met on 31 July 2019 to close the Group's consolidated financial statements for the first half of 2019. Commenting these results, Chairman and CEO Thierry Le Henaff highlighted the following points:

“In the second quarter, Arkema continued to demonstrate its resilience in an environment which remains volatile and complex, marked by the weakness of certain end-markets. Our performance, close to the record highs of last year, was driven in particular by the very solid performance of our specialty businesses supported by our teams’ excellent work on prices and margins, allowing us to offset the decline in volumes. Adhesives continued to make notable progress, in line with our strong ambition in this business. Moreover, we continue to generate a high level of cash.

Over the past few months, we also continued to roll out our long-term strategy focused on three pillars, namely organic projects with strong profitability, innovation to support our customers and bolt-on acquisitions generating a high level of synergies. We notably continued to increase the share of specialties in our portfolio of businesses with the acquisitions of ArrMaz, Prochimir and Lambson, which illustrate our capacity to seize opportunities to acquire cutting-edge technologies in attractive and still fragmented markets.

In view of these results and projects dynamic, while remaining attentive to the economic environment, we are confident in our ability to achieve another good year and pursue Arkema’s transformation.”

In the second half of the year, the macroeconomic environment is expected to remain volatile and complex, marked by continued geopolitical uncertainties, which are weighing on global demand and raw material volatility. In this context, Arkema will maintain its focus on internal momentum and the implementation of its long-term strategy.

In the second half of the year, the Group should, in particular, benefit from the start-up of certain industrial projects in Sartomer resins in Asia, technical polymers in France and acrylics in the United States, as well as the contribution from the acquisition of ArrMaz, finalized on 1 July, and of Sunke, which is due to be completed in the third quarter of the year.

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