Arkema : Confirmation of significant difficulties in the short term
>Confirmation of EBITDA down sharply in Q1 - Arkema has just reported its Q1 results. We will maintain an EBITDA down significantly by 19% to € 300m, a satisfactory level compared to expectations (ODDO BHF/consensus = € 283m/€ 298m) and marking a break compared to 2019 (-1%).As expected, the COVID-19 health crisis impacted performance to the tune of € 45m. The automotive and transport, oil/gas and electronics markets remained particularly under pressure. Added t...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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