{"id":26033,"date":"2021-05-07T09:14:54","date_gmt":"2021-05-07T07:14:54","guid":{"rendered":"https:\/\/php8.plastv.de\/?p=26033"},"modified":"2021-05-06T15:16:53","modified_gmt":"2021-05-06T13:16:53","slug":"first-quarter-2021-results","status":"publish","type":"post","link":"https:\/\/plas.tv\/?p=26033","title":{"rendered":"First-quarter 2021 results"},"content":{"rendered":"<section class=\"content-block banner-introduction content-background-grey\">\n<div class=\"banner-introduction-wrapper\">\n<p>In a context of clearly improving market conditions, the Group reported strong earnings growth in the first quarter, driven in particular by a rise in volumes of innovative and sustainable Specialty Materials\u00a0<sup>(1)<\/sup>, which benefited from their unique positioning and cutting-edge innovation related to global megatrends.<br \/>\nGiven its confidence in its development dynamic, Arkema is significantly increasing its financial targets for 2021.<\/p>\n<\/div>\n<\/section>\n<section class=\"content-block content-center content-rich-text content-color-blue accordion-content \">\n<div class=\"wrapper\">\n<div class=\"content-text\">\n<ul>\n<li><strong>Sales <\/strong>of <strong>\u20ac2.23 billion<\/strong>, up 12.7% versus Q1\u201920 at constant scope and currency\n<ul>\n<li>Significant increase in volumes (+7.7%), in the continuity of the rebound already observed in Q4\u201920 (+5.2%)<\/li>\n<li>Strong momentum in most of the Group\u2019s end markets, and contribution of new developments driven by sustainable innovation<\/li>\n<\/ul>\n<\/li>\n<li><strong>EBITDA <\/strong>of <strong>\u20ac358 million<\/strong>, up sharply by almost 20% (\u20ac300 million in Q1\u201920), and EBITDA margin of 16.1%\n<ul>\n<li>Specialty Materials\u2019 EBITDA of \u20ac306 million, up 19.5%, supported by strong increases in the three segments Adhesive Solutions, Advanced Materials and Coating Solutions<\/li>\n<li>Intermediates\u2019 EBITDA of \u20ac75 million, up 10.3% (up 18.5% at constant scope)<\/li>\n<\/ul>\n<\/li>\n<li><strong>Adjusted net income<\/strong> up 59% to <strong>\u20ac159 million<\/strong>, representing \u20ac2.08 per share<\/li>\n<li>Well controlled <strong>net debt<\/strong>, at <strong>\u20ac2.0 billion<\/strong> (including \u20ac700 million in hybrid bonds), representing 1.6x LTM EBITDA<\/li>\n<li>Major milestone in Arkema\u2019s evolution with the finalization of the divestment of PMMA to Trinseo on 3\u00a0May 2021, supplemented by Bostik\u2019s recent acquisition of Poliplas<\/li>\n<li><strong>2021 guidance <\/strong>significantly <strong>raised<\/strong>, with the Group now targeting around 20% growth in Specialty Materials\u2019\u00a0EBITDA relative to 2020 at constant scope and currency<sup>\u00a0(2)<\/sup> excluding a systemic resumption of the health crisis<\/li>\n<\/ul>\n<p><em><sup>(1) Specialty Materials include the following three segments: Adhesive Solutions, Advanced Materials and Coating Solutions <\/sup><\/em><\/p>\n<p><em><sup>(2) With the assumption of a \u20ac\/$ exchange rate of 1.2 for 2021, the impact on 2020 EBITDA is estimated at a negative \u20ac30\u00a0million for Specialty Materials and a negative \u20ac10 million for Intermediates<\/sup><\/em><\/p>\n<\/div>\n<\/div>\n<\/section>\n<section class=\"content-block content-left content-rich-text content-color-cyan accordion-content content-background-grey\">\n<div class=\"wrapper\">\n<div class=\"content-text\">\n<p>Following Arkema\u2019s Board of Directors\u2019 meeting, held on 5 May 2021 to review the Group\u2019s consolidated financial information for the first quarter of 2021, <strong>Chairman and CEO Thierry Le H\u00e9naff said:<\/strong><\/p>\n<p><em>\u201cThe pace of activity accelerated in the first quarter in the context of better economic indicators. Our growth reflects first and foremost the strength of our innovation over the past few years to position our Specialty Materials in structural growth segments, along with positive momentum in most of our end markets and our balanced geographical footprint. While remaining attentive to the evolution of the health crisis and to the volatility of the environment, in light of our very good first-quarter results and our development opportunities, the Group is strongly raising its annual targets for Specialty Materials, which represent the essential part of our scope following the divestment of PMMA.<\/em><\/p>\n<p><em>This year marks the start of a new era of growth for Arkema, consistent with the ambitions unveiled at our April 2020 Capital Markets Day. Supported by our teams\u2019 strong commitment to the company\u2019s strategy, we are accelerating our innovation projects and investments in promising high growth markets driven by sustainable megatrends, such as clean mobility, lightweight materials, 3D printing and energy efficiency.\u201d<\/em><\/p>\n<\/div>\n<\/div>\n<aside><img decoding=\"async\" src=\"https:\/\/www.arkema.com\/files\/live\/sites\/shared_arkema\/files\/images\/corporate\/executive-committee\/thierry-le-henaff-.jpg\" alt=\"\" \/><\/aside>\n<\/section>\n<section id=\"outlook-for-2021\" class=\"content-block content-title  content-left content-color-blue\">\n<div class=\"content-wrapper\">\n<h2><\/h2>\n<h2><strong>Outlook <\/strong>for 2021<\/h2>\n<\/div>\n<\/section>\n<section class=\"content-block content-center content-rich-text content-color-blue accordion-content \">\n<div class=\"wrapper\">\n<div class=\"content-text\">\n<p>The positive market dynamics observed in the first quarter is continuing, supported by strong demand in the construction and DIY markets, and several industrial markets that are important for the Group.<\/p>\n<p>Thanks to its innovation for sustainable development and recent industrial capacity expansions, while being attentive to the market environment, which remains volatile, Arkema considers it is very well positioned to benefit from the strongly rising demand for high-performance materials.<\/p>\n<p>In this environment of robust demand, raw materials inflation should accelerate in the second quarter. The Group will continue its initiatives to increase prices to offset this impact.<\/p>\n<p>In this context, and also in light of its first-quarter financial performance, the Group has raised significantly the Specialty Materials\u2019 guidance for 2021. Excluding a systemic resumption of the health crisis,<\/p>\n<ul>\n<li>Specialty Materials\u2019 EBITDA is now expected to grow by around 20% in 2021 compared to 2020 at constant scope and currency\u00a0<sup>(3)<\/sup><\/li>\n<li>Bostik, in line with its 2024 trajectory, confirms its EBITDA margin target of 14% in the year, and Intermediates\u2019 EBITDA \u00a0should at least reach last year\u2019s level at constant scope\u00a0<sup>(4)<\/sup> and currency\u00a0<sup>(3)<\/sup>.<\/li>\n<\/ul>\n<p>Finally, Arkema will continue to move ahead with its ambition to become a pure Specialty Materials player by 2024.<\/p>\n<p>Further details concerning the Group\u2019s first-quarter 2021 results are provided in the \u201cFirst quarter 2021 results and outlook\u201d presentation and the Factsheet available on Arkema\u2019s website <a href=\"http:\/\/www.finance.arkema.com\">www.finance.arkema.com<\/a>.<\/p>\n<p><sup><em>(3) With the assumption of a \u20ac\/$ exchange rate of 1.2 for 2021, the impact on 2020 EBITDA is estimated at a negative \u20ac30\u00a0million for Specialty Materials and a negative \u20ac10 million for Intermediates<\/em><\/sup><\/p>\n<p><sup><em>(4) The combined EBITDA contribution of Functional Polyolefins, divested on 1 June 2020, and of PMMA, divested on 3 May 2021, was close to \u20ac135m in 2020 and \u20ac45m in 2021 (January \u2013 April, PMMA only)<\/em><\/sup><\/p>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>In a context of clearly improving market conditions, the Group reported strong earnings growth in the first quarter, driven in particular&#8230;<\/p>\n","protected":false},"author":2,"featured_media":6884,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,16],"tags":[],"series":[],"class_list":["post-26033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-plas-tv-meldungen-auf-der-startseite-unterhalb-slider","category-plast-tv-textmeldungen"],"_links":{"self":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/26033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26033"}],"version-history":[{"count":2,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/26033\/revisions"}],"predecessor-version":[{"id":26035,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/26033\/revisions\/26035"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/media\/6884"}],"wp:attachment":[{"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26033"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fseries&post=26033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}