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Arkema swings to profit, but sales decline

5:32 AM MDT | May 7, 2014 | Francinia Protti-Alvarez

Arkema has posted a €77-million ($107.1 million) net profit for the first quarter, swinging back to profit from a €30-million net loss during the first quarter of last year, the company reported today. Arkema's results in the first quarter of 2013 included an exceptional item booked for the company's exit from its vinyl activities, Arkema says. Ebitda, however, shrank 9% year-on-year (YOY), to €213 million. Volumes increased by 3.3% YOY because of favorable market conditions in high-performance materials and solid volumes in the coating solutions...

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