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Arkema Confirms Full-Year Guidance; Second-Quarter Net Income Falls

1:39 AM MDT | August 1, 2012 | Natasha Alperowicz

Arkema today said that its second-quarter adjusted net income from continuing operations declined by 26%, to €151 million ($185.5 million), but sales, at €1.72 billion, were up 15% compared with the second quarter of 2011. The company also confirmed its guidance for the full year. “While remaining cautious about changes in the macroeconomic environment and assuming continuity with the first half of the year, Arkema confirms its confidence in its ability to deliver a very solid year in 2012, and should achieve Ebitda close to €1...

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