Report
Rob Hales
EUR 100.00 For Business Accounts Only

Arkema Company Report

No-moat Arkema reported fourth-quarter results that were broadly in line with consensus and our expectations. Fourth-quarter EBITDA increased 1.4% over 2017 while full-year EBITDA was up 6%, in line with guidance for a mid-single-digit increase. Guidance for 2019 is modest. EBITDA growth is expected to be flat for the year (despite a 3% boost from accounting changes) with a slight decline in the first quarter, given a high comparable. Currently, our forecast calls for a 4% EBITDA decline, which ...
Underlying
ARKEMA

Arkema is engaged in the global chemical industry which is a processing industry based on the transformation in one or several stages of raw materials (oil derivatives, gas, minerals, natural products) into more or less complex chemical products, or into plastics obtained by polymerization. In addition, Co. manufactures a wide range of products for other major industries: construction, packaging, chemicals, automotive, electronics, food manufacturing, pharmaceuticals, etc. Co. operates in this industrial context with a business portfolio focused on three segments: High Performance Materials, Industrial Specialties, and Coating Solutions.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Rob Hales

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