Arkema was in a position to increase sales prices, especially in Industrial Specialties and Coating Solutions, in order to pass on higher raw material prices, notably acrylic acid and PMMA precursors. In general, PMMA is expected to see a stronger relief in Q4. The Q3 figures met our expectations and slightly beat consensus. At first sight, it looks as if management had confirmed the recently-lifted guidance, but the footnote shows a kind of narrowing to ~5%.
06 Nov 2018
Pricing power protects margin, but management ‘plays’ with guidance
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Pricing power protects margin, but management ‘plays’ with guidance
Arkema SA (AKE:WBO) | 0 0 0.4% | Mkt Cap: 7,655m
- Published:
06 Nov 2018 -
Author:
Martin Schnee -
Pages:
3
Arkema was in a position to increase sales prices, especially in Industrial Specialties and Coating Solutions, in order to pass on higher raw material prices, notably acrylic acid and PMMA precursors. In general, PMMA is expected to see a stronger relief in Q4. The Q3 figures met our expectations and slightly beat consensus. At first sight, it looks as if management had confirmed the recently-lifted guidance, but the footnote shows a kind of narrowing to ~5%.