{"id":32660,"date":"2022-07-29T11:02:34","date_gmt":"2022-07-29T09:02:34","guid":{"rendered":"https:\/\/php8.plastv.de\/?p=32660"},"modified":"2022-07-29T11:03:00","modified_gmt":"2022-07-29T09:03:00","slug":"second-quarter-2022-results","status":"publish","type":"post","link":"https:\/\/plas.tv\/?p=32660","title":{"rendered":"Second-quarter 2022 results"},"content":{"rendered":"<section class=\"content-block banner-introduction content-background-grey\">\n<div class=\"banner-introduction-wrapper\">\n<p>Excellent quarterly results, confirming the soundness of our strategy toward Specialty Materials, and achieved in a very inflationary context.<br \/>\nAnnual guidance raised despite a more uncertain macroeconomic 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><strong>Sales <\/strong>of <strong>\u20ac3.2\u00a0billion<\/strong>, up by <strong>32.9%<\/strong> compared with Q2\u201921:\n<ul>\n<li>Benefits of new business developments in high value-added sustainable solutions (batteries, sports, electronics, healthcare, etc.)<\/li>\n<li>Selling price adjustments in the face of very significant raw materials, energy and transportation cost inflation<\/li>\n<li>Slight decline in volumes relative to last year\u2019s high comparison base. Contrasting regional dynamics, robust in North America, down in Europe, and slightly positive in Asia despite the context of lockdowns in China<\/li>\n<\/ul>\n<\/li>\n<li><strong>EBITDA <\/strong>up by a strong <strong>47.5%<\/strong> compared with Q2\u201921 to <strong>\u20ac705\u00a0million<\/strong>, and a record <strong>EBITDA margin<\/strong> of <strong>22.1%<\/strong>:\n<ul>\n<li>Very significant 41.8% growth in Specialty Materials\u2019 EBITDA to \u20ac600\u00a0million (\u20ac423\u00a0million in Q2\u201921), supported by each of the three segments, Adhesive Solutions, Advanced Materials and Coating Solutions<\/li>\n<li>Intermediates\u2019 EBITDA at \u20ac129\u00a0million (\u20ac81\u00a0million in Q2\u201921), benefiting notably from more favorable market conditions overall and from initiatives taken by the Group<\/li>\n<\/ul>\n<\/li>\n<li><strong>Adjusted net income<\/strong> up very strongly by 65.9% to <strong>\u20ac443\u00a0million<\/strong>, representing \u20ac5.99 per share (\u20ac3.50 in Q2\u201921)<\/li>\n<li><strong>Recurring cash flow<\/strong> of <strong>\u20ac235\u00a0million<\/strong>, reflecting the quality of the Group\u2019s financial performance and including an increase in working capital linked to higher prices and traditional seasonality<\/li>\n<li><strong>Net debt <\/strong>tightly controlled at <strong>\u20ac2,789\u00a0million<\/strong>, including \u20ac700\u00a0million in hybrid bonds, representing <strong>1.3x<\/strong> last-twelve-months <strong>EBITDA<\/strong><\/li>\n<li><strong>New, more ambitious climate plan<\/strong> announced on 7\u00a0July, with an increased level of commitment, aligned with a <strong>1.5\u00b0C trajectory<\/strong> and now including scope\u00a03 emissions<\/li>\n<li>Strengthening of the Coating Solutions segment\u2019s downstream with <strong>the acquisition of Polimeros Especiales<\/strong>, one of the leaders in solvent-free acrylic resins in Mexico, which will complement the Group\u2019s offering of more environmentally friendly solutions<\/li>\n<li><strong>Annual guidance raised significantly<\/strong> despite a more uncertain macroeconomic environment and weaker demand in Europe: Arkema now aims to achieve in 2022, excluding further significant disruption of the global context, annual EBITDA growth of 17% to 22% at constant scope compared with 2021 (vs. \u201cslight growth\u201d previously), representing an EBITDA of around \u20ac2,100 million.<\/li>\n<\/ul>\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 28\u00a0July 2022 to approve the Group\u2019s consolidated financial statements for the first half of 2022, <strong>Chairman and CEO Thierry Le H\u00e9naff said:<\/strong><\/p>\n<p><em>\u201cThe excellent second-quarter performance was achieved in a demanding operating environment, marked by high raw materials inflation, the particular energy context in Europe and disruptions to logistics flows between regions. I would like to thank all of our teams, who contributed to this outstanding financial performance through their commitment and responsiveness, as well as our customers, for engaging in high quality dialogue that enabled us to support them in this complex environment. The Group also continued to benefit from the superior quality of its portfolio of technologies in high performance materials, the opportunities created by the strength of its innovation for sustainable development, and its balanced geographic presence between the three key regions.<\/em><\/p>\n<p><em>Moreover, Arkema is continuing to implement its strategy focused on sustainable growth, with the successful integration of Ashland\u2019s adhesives, the announcement of a high-quality bolt-on acquisition in the Coating Solutions segment\u2019s downstream, the upcoming start-ups of our major investments in Aurora, North Carolina, and Singapore, and our new climate plan announced in early July, which is aligned with the Paris Agreement and a 1.5\u00b0C SBT trajectory.<\/em><\/p>\n<p><em>In a global environment that many observers and experts are qualifying as difficult for the coming months and which incites us to be attentive, the new EBITDA guidance for 2022, which has been significantly raised, is a sign of confidence in the Group\u2019s ability to meet the challenges that could arise in the second half of the year.\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>The second half is marked by a context of risks of lockdowns in China, geopolitical tensions linked to the war in Ukraine, concerns regarding the availability and price of natural gas and electricity in Europe, as well as the significant increase in the level of inflation, which are all factors that could weigh on demand going forward.<\/p>\n<p>In this context, the Group will benefit from its balanced geographic presence and will remain attentive to the evolution of market conditions. Moreover, it will ensure to take inflation into account in its selling prices, strictly manage its fixed costs and inventories, and pursue its innovation in high performance materials.<\/p>\n<p>Despite the uncertain macroeconomic environment and the decline in volumes observed in Europe, Arkema is raising its annual targets and now aims to achieve in 2022, excluding further significant disruption of the global context, annual EBITDA growth at constant scope of 17% to 22% compared with 2021 (<em>vs<\/em>. \u201cslight growth\u201d previously), representing an EBITDA of around \u20ac2,100 million.<\/p>\n<p>The Group is also reaffirming its confidence in its ability to achieve the ambitious targets it has set for 2024 and will continue to implement its strategic roadmap for sustainable development. Arkema will thus leverage its bolt-on acquisition policy, its industrial capacity expansions to support its customers\u2019 growth in high-potential markets, its numerous initiatives in CSR, and lastly the strength of its innovation which should enable the company to generate \u20ac1.5\u00a0billion of new revenues from 2019 to 2030 around its five large R&amp;D platforms.<\/p>\n<p>Further details concerning the Group\u2019s second-quarter 2022 results are provided in the \u201cSecond-quarter 2022 results and outlook\u201d presentation and the \u201cFactsheet\u201d document, both available on Arkema\u2019s website at: <a href=\"http:\/\/www.arkema.com\/global\/en\/investor-relations\/?_ga=GA1.1.1311573748.1659084865\">www.arkema.com\/global\/en\/investor-relations\/<\/a><\/p>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Excellent quarterly results, confirming the soundness of our strategy toward Specialty Materials, and achieved in a very inflationary context&#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-32660","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\/32660","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=32660"}],"version-history":[{"count":1,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/32660\/revisions"}],"predecessor-version":[{"id":32661,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/32660\/revisions\/32661"}],"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=32660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32660"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fseries&post=32660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}