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Arkema’s Full-Year Earnings Rise; Plans Hydrogen Peroxide Expansion

5:20 AM MST | March 5, 2008 | Kerri Walsh

Arkema reported fourth-quarter 2007 net income of €18 million ($27.3 million) compared to a loss of €14 million. Sales slipped by less than 1%, to €1.3 billion. Ebitda rose 41%, to €107 million, and increased in all business segments. Full-year 2007 net income almost tripled to €122 million, on sales up less than 1%, to €5.7 billion. Ebitda increased 26%, to €518 million. Vinyl Products Ebitda more than doubled because of a rise in polyvinyl chloride sales prices offset to a very large extent the increase in the cost of raw materials and energy...

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