Arkema reported its third quarter 2018 results. Sales up 6.7% on Q3 2017 (at constant exchange rates and business scope) to €2,167 million, with EBITDA up 5.4% on Q3 2017 to €374 million, which was a record-high EBITDA performance for a third quarter. The company reported g5owth in all three of the group’s divisions. EBITDA margin was resilient at high levels at 17.3% (17.6% in Q3 2017)
Arkema had an 18% increase in adjusted net income to €186 million, representing €2.44 per share, and high cash flow generation, with €227 million in free cash flow in the quarter, and a significant decrease in net debt to €1,167 million, from €1,372 million at June 30, 2018.
“Arkema delivered a very good financial performance, with adjusted net income rising 18% in a volatile global economic environment,” Chairman and CEO Thierry Le Hénaff said. “In this context, we are proud to announce our best-ever third‑quarter performance, with EBITDA coming in at €374 million, representing a further increase on the excellent third quarter of 2017. Our high level of cash generation enabled us to keep our net debt well under control at 0.8 times the last 12 months’ EBITDA.”