Arkema’s FY figures broadly met our expectations. Net income benefited more strongly from the US tax reform than expected. Profitability was stronger than sales, which was partly the result of good pricing power. Q4 looks slightly different with a lower margin, which might be a mix of seasonality and a slight delay in passing on higher raw material prices in some businesses. Consensus was beaten.
22 Feb 2018
Good in 2017 with some weakness in Q4
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Good in 2017 with some weakness in Q4
Arkema SA (AKE:WBO) | 0 0 0.4% | Mkt Cap: 7,655m
- Published:
22 Feb 2018 -
Author:
Martin Schnee -
Pages:
3
Arkema’s FY figures broadly met our expectations. Net income benefited more strongly from the US tax reform than expected. Profitability was stronger than sales, which was partly the result of good pricing power. Q4 looks slightly different with a lower margin, which might be a mix of seasonality and a slight delay in passing on higher raw material prices in some businesses. Consensus was beaten.