{"id":31664,"date":"2022-05-10T10:55:02","date_gmt":"2022-05-10T08:55:02","guid":{"rendered":"https:\/\/php8.plastv.de\/?p=31664"},"modified":"2022-05-09T10:58:09","modified_gmt":"2022-05-09T08:58:09","slug":"31664","status":"publish","type":"post","link":"https:\/\/plas.tv\/?p=31664","title":{"rendered":"First-quarter 2022 results"},"content":{"rendered":"<section class=\"content-block banner-introduction content-background-grey\">\n<div class=\"banner-introduction-wrapper\">\n<p>Arkema delivered an excellent financial performance in the first quarter, despite high raw materials and energy cost inflation and some disparities in growth between regions and markets. These results were driven by the Group\u2019s acceleration in high performance materials, its ability to incorporate cost increases into its selling prices and its agility in a complex global environment.<\/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>\u20ac2.9\u00a0billion<\/strong>, up by <strong>30%<\/strong> year-on-year at constant scope and currency:\n<ul>\n<li>Volumes down slightly from last year\u2019s high level, impacted mainly by logistics disruptions and raw materials shortages<\/li>\n<li>Continued product mix improvement, reflecting the acceleration in demand for high performance solutions<\/li>\n<li>Adjustment to selling prices offsetting very significant raw materials, energy and transportation cost inflation<\/li>\n<li>Specialty Materials representing 90% of Group sales (82% in Q1\u201921)<\/li>\n<\/ul>\n<\/li>\n<li><strong>EBITDA <\/strong>of <strong>\u20ac619\u00a0million<\/strong>, up by <strong>72.9%<\/strong> compared with Q1\u201921, and <strong>EBITDA margin <\/strong>up sharply to <strong>21.4%<\/strong>:\n<ul>\n<li>EBITDA of Specialty Materials up by 82% at \u20ac556\u00a0million (\u20ac306\u00a0million in Q1\u201921), benefiting from solid volumes, the selling price policy against a highly inflationary context, and the development of high value-added applications linked to sustainable megatrends (batteries, 3D, lightweighting, bio-based materials, more eco-friendly paints, etc.)<\/li>\n<li>Intermediates\u2019 EBITDA up by 25%, supported by the improvement of Fluorogases and better conditions in upstream acrylics in Asia<\/li>\n<\/ul>\n<\/li>\n<li><strong>Adjusted net income<\/strong> multiplied by 2.4 to <strong>\u20ac376\u00a0million<\/strong>, representing \u20ac4.96 per share (\u20ac2.08 in Q1\u201921)<\/li>\n<li><strong>Recurring cash flow<\/strong> of <strong>\u20ac26\u00a0million<\/strong> (\u20ac53 million in Q1\u201921), including the seasonal increase in working capital, as well as higher selling and raw materials prices<\/li>\n<li><strong>Net debt<\/strong> tightly controlled at <strong>\u20ac2,703\u00a0million<\/strong> \u2013 of which \u20ac700\u00a0million in hybrid bonds \u2013 including the acquisition of Ashland\u2019s performance adhesives finalized on 28 February 2022, and representing <strong>1.4x<\/strong> last-twelve-months <strong>EBITDA<\/strong><\/li>\n<\/ul>\n<p>Given this excellent start to the year, while remaining attentive to the evolution of the macroeconomic environment, Arkema now aims to achieve in 2022 at constant scope, Specialty Materials EBITDA and Group EBITDA slightly above the record level of 2021<\/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 4 May 2022 to review the Group\u2019s consolidated financial information for the first quarter of 2022, <strong>Chairman and CEO Thierry Le H\u00e9naff said:<\/strong><\/p>\n<p><em>\u201cOur very good performance in the first quarter reflects the strength of our innovation for sustainable development and Arkema\u2019s very solid positioning to address accelerating demand for cutting-edge solutions in high value-added markets. In an operating context that continues to be particularly demanding, our balanced geographic footprint, our technologies, our customer intimacy and the commitment of Arkema\u2019s teams are all valuable assets. Despite the uncertainties currently weighing on global growth, this first quarter\u2019s very good results make us confident in our ability to surpass in 2022 last year\u2019s record results and particularly motivate the teams to continue implementing our strategy focused on Specialty Materials.<\/em><\/p>\n<p><em>We are also pleased to have welcomed on 1 March Ashland\u2019s adhesives\u2019 teams, and this top-tier activity is already confirming all its potential. Lastly, we are delighted to start up very soon, on time and on budget, our two new plants in Singapore and the United States, which are fully in line with the decarbonization theme.\u201d<\/em><\/p>\n<\/div>\n<\/div>\n<aside>\n<figure><img decoding=\"async\" src=\"https:\/\/www.arkema.com\/files\/live\/sites\/shared_arkema\/files\/images\/corporate\/executive-committee\/thierry-le-henaff-5.jpg\" alt=\"Chairman and CEO Thierry Le H\u00e9naff\" \/><\/figure>\n<\/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><strong>Outlook <\/strong>for 2022<\/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>Market conditions remain positively oriented at the beginning of the second quarter, but with disparities between regions and end markets and an increased lack of visibility regarding the environment. The health situation in China, the war in Ukraine, high raw materials and energy cost inflation, and logistics disruptions are all factors that could weigh on global demand going forward.<\/p>\n<p>In this demanding context, the Group will endeavor to optimize supply chain management and continue to dynamically adjust its selling prices. Moreover, Arkema will pursue its cutting-edge innovation to develop, in partnership with its customers, its Specialty Materials and high performance solutions for sustainable development.<\/p>\n<p>While remaining attentive to the evolution of the macroeconomic environment, the Group aims to reach in second-quarter 2022 a strong increase in its EBITDA compared with the prior year, driven in particular by high organic growth in Advanced Materials and Coating Solutions. The Adhesive Solutions segment, still impacted by certain raw materials shortages, will benefit from the integration of Ashland\u2019s adhesives business.<\/p>\n<p>Moreover, Arkema now aims to achieve in 2022, at constant scope, Specialty Materials EBITDA and Group EBITDA slightly above the record level of 2021.<\/p>\n<p>In line with its strategy to become a pure Specialty Materials player in 2024, Arkema will continue in 2022 its bolt-on acquisition policy, as well as its review of the Intermediates segment. Beyond the start-up, expected in the coming months, 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 selectively increase its industrial capacities to support its growth.<\/p>\n<p>Lastly, the Group is reaffirming its confidence in its ability to achieve the ambitious targets it has set for 2024. It will continue to implement its strategic roadmap, notably by stepping up its innovation efforts for sustainable development. Arkema thus aims to generate \u20ac1.5 billion of new revenues from 2019 to 2030 around its five large innovation platforms, namely lightweight materials and design, electronics solutions, new energies, living comfort and home efficiency and natural resources management.<\/p>\n<p>Further details concerning the Group\u2019s first-quarter 2022 results are provided in the \u201cFirst-quarter 2022 results and outlook\u201d presentation and the \u201cFactsheet\u201d, both available on Arkema\u2019s website at: <a href=\"http:\/\/www.arkema.com\/global\/en\/investor-relations\/\">www.arkema.com\/global\/en\/investor-relations\/<\/a><\/p>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Arkema delivered an excellent financial performance in the first quarter, despite high raw materials and energy cost inflation and some&#8230;<\/p>\n","protected":false},"author":2,"featured_media":31668,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,16],"tags":[],"series":[],"class_list":["post-31664","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\/31664","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=31664"}],"version-history":[{"count":3,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/31664\/revisions"}],"predecessor-version":[{"id":31669,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/31664\/revisions\/31669"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/media\/31668"}],"wp:attachment":[{"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31664"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fseries&post=31664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}