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Arkema Doubles Ebitda, Raises Sales on Higher Demand and Prices

2:56 AM MDT | May 5, 2011 | Natasha Alperowicz

Arkema reported Ebitda of €287 million ($426.4 million) in the first quarter of 2011, more than doubling the €137 million achieved in the corresponding period of last year. Sales were up 33% at €1,7 billion. Ebitda margin advanced to 16.6% compared with 10.5% in the year-earlier period. Adjusted net income reached €156 million up from €41 million in the corresponding quarter of 2010. "The very significant improvement in first quarter performance, with sales up by 33% and Ebitda margin close to 17%, illustrates the acceleration...

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