The good point is that the EBITDA margin has not faded away as Arkema’s top-line was driven by an acquisition and FX tailwinds. However, lower raw material prices put some pressure on it. Volumes developed positively in most divisions. Reported figures beat our expectations, but were below consensus. For Q4, we remain cautious.
30 Oct 2019
Non-operating drivers
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Non-operating drivers
Arkema SA (AKE:WBO) | 0 0 0.4% | Mkt Cap: 7,655m
- Published:
30 Oct 2019 -
Author:
Martin Schnee -
Pages:
3
The good point is that the EBITDA margin has not faded away as Arkema’s top-line was driven by an acquisition and FX tailwinds. However, lower raw material prices put some pressure on it. Volumes developed positively in most divisions. Reported figures beat our expectations, but were below consensus. For Q4, we remain cautious.