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Regions :: Western Europe
Arkemaâ€™s First Quarter net Income Rises
6:31 AM MDT | May 14, 2008 | Kerri Walsh
Arkema reported first-quarter net income up 64%, to â‚¬72 million ($111 million), on sales of â‚¬1.5 billion, flat compared to the year ago period. Operating income excluding non-recurring items rose 25%, to â‚¬100 million, and Ebitda rose 19%, to â‚¬159 million. Sales were up 6.2% excluding the impact of unfavorable currency exchange rates and â€śvariations in the scope of business,â€ť Arkema says. Selling price increases, productivity cost improvements, and new products â€ścombined to largely make up for the impact of a more uneasy economic environment,â€ť the...
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