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People & Business :: Companies

Arkema's Third-Quarter Results Fall, but Earnings Rise Sequentially

11:34 AM MST | November 10, 2009 | Kerri Walsh

Arkema reported a €3-million ($4.5-million) third-quarter loss, on sales down 24%, to €1.1 billion. Recurring operating income fell 50%, to €36 million, and Ebitda fell 25%, to €101 million. Sales and profits fell in Arkema's three divisions: vinyl products, industrial chemicals, and performance products because of weak economic conditions. Results, however, improved sequentially. Performance products reported Ebitda of €33 million, up 43% from the second quarter. Volumes benefited from the end of de-stocking in the automotive and...

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