Report
Emmanuel Matot

ODDO : Une visibilité trop faible pour s’engager sur des guidances annuelles

>Arkema impacté comme prévu dès le T1 par la crise sanitaire – Attention surtout à l’exposition construction au T2 - La semaine dernière, Arkema a publié un EBITDA de 300 M€ au titre du T1 20, un niveau conforme aux attentes (consensus = 298 M€) et en rupture par rapport à l’année dernière (-19% en publié vs -1% en 2019) du fait des impacts de l’épidémie COVID-19 (45 M€), de la poursuite des imports illégaux en Europe de gaz fluorés (20 M€) et des grèves de début d’an...
Underlyings
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.

Solvay SA

Solvay is engaged in chemical and plastic businesses worldwide. Co. offers chemical products such as advanced materials, barium strontium, calcium chloride, caustic soda, chlorinated products, fluor, peroxygen products, polyglycerols, precipitated calcium carbonate, soda ash, and sodium bicarbonate. It also provides specialty polymers, such as Spire ultra polymers, Solviva biomaterials, and sulfone polymers. Co. structures its activities around five operating segments: Advanced Formulations, Advanced Materials, Performance Chemicals, Functional Polymers and Corporate & Business Services, each with its own specific business model and each comprised of Global Business Units (GBUs).

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Emmanuel Matot

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