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Arkema Records Lower Net Profits and Ebitda in First-Quarter 2012

7:50 AM MDT | May 10, 2012 | Sotirios Frantzanas

Arkema says its net earnings and operating Ebitda decreased 33.8% and 12.5% in the first quarter of 2012, to €100 million and €253 million compared with €151 million and €289 million in the first quarter of 2011, respectively. Sales, however, increased 14% year over year, to €1.62 billion in the first quarter of 2012, mainly reflecting the acquisition of specialty resins assets from Total and alcoxylates assets from Seppic, the company says. Arkema says that sales volumes decreased by 5% in the first quarter of 2012...

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