{"id":30297,"date":"2022-02-25T14:35:25","date_gmt":"2022-02-25T13:35:25","guid":{"rendered":"https:\/\/php8.plastv.de\/?p=30297"},"modified":"2022-02-25T14:35:25","modified_gmt":"2022-02-25T13:35:25","slug":"arkema-full-year-2021-results","status":"publish","type":"post","link":"https:\/\/plas.tv\/?p=30297","title":{"rendered":"Arkema: Full-year\u00a02021 results"},"content":{"rendered":"<section class=\"content-block banner-introduction content-background-grey\">\n<div class=\"banner-introduction-wrapper\">\n<p>The excellent financial performance in 2021 reflects accelerating demand for innovative and sustainable materials, as well as the Group\u2019s reactivity in a demanding and volatile context.<\/p>\n<\/div>\n<\/section>\n<section class=\"content-block content-center content-rich-text content-color-gradient accordion-content \">\n<div class=\"wrapper\">\n<div class=\"content-text\">\n<ul>\n<li>Group <strong>sales <\/strong>of <strong>\u20ac9.5\u00a0billion<\/strong>, up by<strong> 25.9%<\/strong> compared with 2020 at constant scope and currency:\n<ul>\n<li>Growth in volumes of +7.3%, driven notably by robust demand for sustainable solutions with high technological content, particularly in batteries, 3D printing, consumer goods and more environmentally friendly paints<\/li>\n<li>Increase in selling prices of 18.6% over the year, reflecting the Group\u2019s initiatives to offset strong raw materials and energy inflation, an improved product mix, as well as a the tightness of upstream acrylics<\/li>\n<\/ul>\n<\/li>\n<li><strong>EBITDA <\/strong>at historic high of <strong>\u20ac1,727\u00a0million<\/strong>, up by <strong>46.1%<\/strong> compared with 2020, and <strong>EBITDA margin<\/strong> of <strong>18.1%<\/strong>, in an environment marked by operational disruptions and high raw materials and energy costs:\n<ul>\n<li>Excellent performance of Specialty Materials, up strongly in each of the segments, with EBITDA of \u20ac1,503\u00a0million (\u20ac1,018\u00a0million in 2020) and EBITDA margin of 18.5%<\/li>\n<li>Increase in EBITDA of the Intermediates segment (\u20ac316\u00a0million vs. \u20ac231\u00a0million in 2020), driven by favorable conditions in the acrylics market in Asia and despite the negative scope effect related to the PMMA and Functional Polyolefins divestments<\/li>\n<\/ul>\n<\/li>\n<li><strong>Adjusted net income<\/strong> multiplied by 2.3 to <strong>\u20ac896\u00a0million<\/strong>, representing \u20ac11.88 per share (\u20ac5.11 in 2020)<\/li>\n<li><strong>Recurring cash flow <\/strong>stable at <strong>\u20ac756\u00a0million<\/strong> (\u20ac762\u00a0million in 2020) and net debt down sharply to \u20ac1,177\u00a0million, including \u20ac700\u00a0million in hybrid bonds (net debt of \u20ac1,910\u00a0million at end-2020), representing 0.7x 2021 EBITDA<\/li>\n<li>Proposed <strong>dividend <\/strong>of <strong>\u20ac3.0 per share<\/strong> (\u20ac2.5 in 2020)<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/section>\n<section class=\"content-block content-picture-full accordion-content \">\n<div class=\"content-wrapper\">\n<figure><img decoding=\"async\" src=\"https:\/\/www.arkema.com\/files\/live\/sites\/shared_arkema\/files\/images\/investorrelations\/2021-results-infographies-EN.jpg\" alt=\"\" \/><\/figure>\n<\/div>\n<\/section>\n<section id=\"strengthening-of-the-specialty-materials-platform-in-line-with-the-2024-ambition\" class=\"content-block content-title  content-left content-color-gradient\">\n<div class=\"content-wrapper\">\n<h2>Strengthening of the Specialty Materials platform <strong>in line with the 2024 ambition<\/strong><\/h2>\n<\/div>\n<\/section>\n<section class=\"content-block content-center content-rich-text content-color-gradient accordion-content \">\n<div class=\"wrapper\">\n<div class=\"content-text\">\n<ul>\n<li>Major steps taken to refocus on Specialty Materials, which represent close to 90% of 2021 pro\u00a0forma sales\u00a0<sup>(1)<\/sup>, with the finalization of the PMMA divestment and the proposed acquisition of Ashland\u2019s performance adhesives business<\/li>\n<li>Numerous customer partnerships and targeted capacity increase projects to support the Group\u2019s sustainable growth strategy, particularly in bio-based products, materials lightweighting, clean mobility, new energies, electronics and more environmentally friendly coatings<\/li>\n<\/ul>\n<p><em><sup>(1) Including the full year contribution of all M&amp;A operations announced in 2021<\/sup><\/em><\/p>\n<\/div>\n<\/div>\n<\/section>\n<section id=\"confidence-of-the-group-in-the-outlook-for-2022\" class=\"content-block content-title  content-left content-color-gradient\">\n<div class=\"content-wrapper\">\n<h2>Confidence of the Group <strong>in the outlook for 2022<\/strong><\/h2>\n<\/div>\n<\/section>\n<section class=\"content-block content-center content-rich-text content-color-gradient accordion-content \">\n<div class=\"wrapper\">\n<div class=\"content-text\">\n<ul>\n<li>Continued implementation of the Group\u2019s strategy, in particular with the closing of the Ashland performance adhesives acquisition, the start-up at mid-year of the PA11 plant in Singapore and the hydrofluoric acid plant in the United States, as well as the strengthening of innovation and targeted investments to support our organic growth<\/li>\n<li>In 2022, in a global environment that should remain volatile, the Group aims, at constant scope\u00a0<sup>(2)<\/sup>, to achieve a Specialty Materials\u2019 EBITDA comparable to the record high of 2021<\/li>\n<li>2024 targets fully supported by the level of performance achieved in 2021 and the significant progress made in executing the strategic roadmap<\/li>\n<\/ul>\n<p><em><sup>(2) Excluding the acquisition of Ashland\u2019s adhesives expected to close in first quarter 2022<\/sup><\/em><\/p>\n<\/div>\n<\/div>\n<\/section>\n<section class=\"content-block content-left content-rich-text content-color-gradient 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 23\u00a0February 2022 to approve the Group\u2019s consolidated financial statements for 2021, <strong>Chairman and CEO Thierry Le H\u00e9naff said:<\/strong><\/p>\n<p><em>\u201cI would particularly like to thank Arkema\u2019s employees, who thanks to their commitment and initiatives, enabled the Group to reach an excellent financial performance in 2021 in a demanding operating context, and successfully complete a number of important organic growth and portfolio management projects. Arkema\u2019s growth was driven by increasingly strong demand for high performance solutions that address challenges arising from sustainable megatrends.<\/em><\/p>\n<p><em>Moreover, our strategy goes hand in hand with demanding CSR commitments which are rooted in the company\u2019s values. After a year marked by Arkema\u2019s inclusion in the CAC 40 ESG index and the third place achieved in the \u2018Chemicals\u2019 category of the DJSI World index, we are happy to have been certified as a Top Employer 2022 in four countries, which account for two-thirds of our employees and recruitments worldwide.<\/em><\/p>\n<p><em>2022 will mark another important step forward in our ambition to become a pure Specialty Materials player. The acquisition of Ashland\u2019s adhesives business is expected to close shortly, and will be followed by the start-up of our two major projects, namely, the bio-based polyamide\u00a011 plant in Singapore and the production of hydrofluoric acid in the United States. Moreover, we have never identified so many innovation opportunities in areas with high technological content. Thanks to our geographic positioning, the intimacy developed with our customers and our unique expertise centered around materials science, I believe Arkema is very well positioned to seize these opportunities.\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-2022\" class=\"content-block content-title  content-left content-color-gradient\">\n<div class=\"content-wrapper\">\n<h2><\/h2>\n<h2>Outlook <strong>for 2022<\/strong><\/h2>\n<\/div>\n<\/section>\n<section class=\"content-block content-center content-rich-text content-color-gradient accordion-content \">\n<div class=\"wrapper\">\n<div class=\"content-text\">\n<p>In 2022, Arkema should benefit from a positive level of global demand, with nuances in different regions and markets and from its leading positioning on innovative, high performance Specialty Materials. In particular, the Group will leverage its innovation dynamic in fields such as clean mobility, materials lightweighting, natural resources management and living comfort &amp; home efficiency, as well as the start-up of production units in high-growth regions.<\/p>\n<p>At the start of the year, the environment remains volatile, marked by uncertainty related to the health crisis, growing geopolitical tensions and continued strong constraints in raw materials and energy in the continuity of second-half 2021. In this demanding context, while remaining attentive to demand trends, the Group will continue to pass on higher costs in its selling prices and will ensure to optimize supply chain management.<\/p>\n<p>In first-quarter 2022, Group EBITDA is expected to increase strongly, driven by the growth in Advanced Materials and Coating Solutions. The Adhesive Solutions segment will still remain temporarily impacted by raw materials shortages, and its EBITDA is expected to come in, at constant scope, somewhere between the first-quarter 2020 and the record first-quarter 2021 levels. Intermediates should achieve a solid start to the year.<\/p>\n<p>For full-year 2022, Arkema is aiming to achieve at constant scope Specialty Materials EBITDA comparable to the record high of 2021. Moreover, the scope effect at Group level will include the contribution of Ashland\u2019s performance adhesives, expected to close in the first quarter, and the residual effect of the divestment of PMMA.<\/p>\n<p>In line with its strategy to become a pure Specialty Materials player by 2024, the Group will continue its bolt-on acquisition policy in 2022, as well as its review of the Intermediates segment. Lastly, in addition to the start-up, expected in the middle of the year, of the two major industrial projects, namely the bio-based polyamides plant in Singapore and the hydrofluoric acid plant in the United States, Arkema will continue to strengthen its innovation and capacities to support, in a targeted manner, customer demand in fast-growing markets.<\/p>\n<p>On the strength of its 2021 performance and the significant progress made in executing its strategic roadmap, the Group is fully reaffirming its confidence in its ability to achieve its ambitious 2024 targets.<\/p>\n<p>Further details concerning the Group\u2019s 2021 results are provided in the \u201cFull year 2021 results and outlook\u201d presentation and the Factsheet, both available on Arkema\u2019s website at: <a href=\"http:\/\/www.finance.arkema.com\">www.finance.arkema.com<\/a>.<\/p>\n<p>The consolidated financial statements at 31\u00a0December 2021 have been audited, and an unqualified certification report has been issued by the Company\u2019s statutory auditors. These financial statements and the statutory auditors\u2019 report will be available in late March in the Company\u2019s Universal Registration Document, which will be posted on Arkema\u2019s website at: <a href=\"http:\/\/www.finance.arkema.com\">www.finance.arkema.com<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/section>\n<section class=\"content-block content-center content-rich-text content-color-gradient accordion-content content-background-grey\">\n<div class=\"wrapper\">\n<div class=\"content-text\">\n<h3><strong>Financial <\/strong>calendar<\/h3>\n<p><strong>5\u00a0May 2022:<\/strong> Publication of first-quarter 2022 results<\/p>\n<p><strong>19\u00a0May 2022:<\/strong> Annual general meeting<\/p>\n<p><strong>29\u00a0July 2022:<\/strong> Publication of second-quarter 2022 results<\/p>\n<p><strong>10\u00a0November 2022:<\/strong> Publication of third-quarter 2022 results<\/p>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>In 2022, Arkema should benefit from a positive level of global demand, with nuances in different regions and markets&#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-30297","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\/30297","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=30297"}],"version-history":[{"count":1,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/30297\/revisions"}],"predecessor-version":[{"id":30298,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/30297\/revisions\/30298"}],"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=30297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30297"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fseries&post=30297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}