Arkema’s Earnings Increase

Le Henaff: Overall business is steady. Arkema reported first-quarter net income of €44 million, five times higher than the year-ago period. A gain from divestment of the agchems business drove profits, the company says (p. 16). Sales were €1.45 billion, on par with last year. Ebitda rose 20%, to €134 million, helped by selling price increases, favorable market conditions in the vinyl products business, and strong growth in the technical polymers and specialty chemical businesses. “Business overall was steady, with sound demand in Europe and...

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