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Arkema reports 'solid performance in less favorable environment,' Ebitda falls 12.4%
5:33 AM MST | November 7, 2013 | Michael Ravenscroft
Arkema posted Ebitda of €233 million ($315 million) in third-quarter 2013, a decline of 12.4% year-on-year (YoY). Ebitda margin for the period was 15.6% compared with 16.6% in the year-ago period. Third-quarter 2013 sales were €1.5 billion, a fall of 6.9%. "A solid performance in the third quarter in a less favorable environment than last year," the company says. Volume rose 0.9%. Recurring operating income for the quarter was €154 million, a drop of 18.5% YoY, compared with €189 million for the corresponding period in 2012. Adjusted...
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