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Arkema's first-quarter net income shrinks by 21.1% on mixed economic environment

11:56 AM MDT | May 15, 2013 | Francinia Protti-Alvarez

Arkema's first-quarter adjusted net income contracted by 21.1% from €123 million ($159.7 million) in the first quarter of 2012, to €97 million, the company announced today. Ebitda fell 7.5% to €234 million in the first quarter, from €253 million in the first quarter last year. Sales also dropped 3.7%, to €1.62 billion, during the first quarter of 2013 compared with €1.6 billion during the same period the year before. Coatings solutions represented 36% of the sales revenue, at €562 million, up 2% on the results achieved in the...

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