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Arkema’s First Quarter net Income Rises

6:28 AM MDT | May 14, 2008 | Kerri Walsh

Arkema reported first-quarter net income up 64%, to €72 million ($111 million), on sales of €1.5 billion, flat compared to the year ago period. Operating income excluding non-recurring items rose 25%, to €100 million, and Ebitda rose 19%, to €159 million. Sales were up 6.2% excluding the impact of unfavorable currency exchange rates and “variations in the scope of business,” Arkema says. Selling price increases, productivity cost improvements, and new products “combined to largely make up for the impact of a more uneasy economic environment,” the...

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