• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Powder Coatings Market

    Performance Enhancing Additives

    The Role Of Kilowatt Hours In Measuring Mill Performance

    The 2023 Marine Coatings Market

    PPG: Treated Silicas Enable Tire Manufacturing Energy Savings and Reduced Complexity
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    EMPA Develops Flame Resistant Epoxy Resin

    Becker’s Global Mental Health Program Shows Positive Impact

    Pacific Coatings Show Invites Industry to Top-Class Programs

    PPG Introduces PPG SUSTAINABILITY CO₂NCEPT System

    Gulf and Pacific Coatings Show Invite Professionals to Top-Class Programs
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    PPG Introduces PPG SUSTAINABILITY CO₂NCEPT System

    Sherwin-Williams Reveals 2024 Color of the Year, Upward SW 6239

    PPG Completes $2.7 Million Expansion of Powder Coatings Factory in Sumaré, Brazil

    U.S. Green Building Council Announces 2023 Leadership Award Recipients

    PPG Revitalizes Nursery School in Brazil as Part of New Paint for a New Start Initiative
    Additives
    Binders
    Pigments
    Solvents

    Birla Carbon Releases its 11th Sustainability Report

    Microban Launches Ascera Antimicrobial Technology

    Orion S.A. Invests €12.8 Million in Circular Carbon Black Project

    Univar Solutions Expands Distribution Relationship with Dow in Germany for Silicone Additives

    Safic-Alcan to Distribute Union Colours’ Organic Pigments in France & Benelux Region
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Clariant Additives

    Shepherd Color Company, The

    Active Minerals

    W. R. Grace & Co.

    EPS
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Greenbuild International Conference + Expo

    The Gulf Coatings Show

    Western Coatings Symposium 2023

    Pacific Coatings Show

    CHINACOAT 2023
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Clariant Additives

    Shepherd Color Company, The

    Active Minerals

    W. R. Grace & Co.

    EPS
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Glossary
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Arkema Reports 3Q 2020 Results

    ...

    Arkema Reports 3Q 2020 Results
    Coatings World staff11.06.20
    Arkema reported its third quarter 2020 financial results.

    The company reported a strong improvement in the Group's volumes compared to the second quarter and excellent cash generation in an environment that remains uncertain.

    Arkema noted sales of €1.9 billion (€2.2 billion in Q3'19): 9% decline at constant scope and currency (-18% in Q2'20), in line with the guidance of around -10% issued end July. There was a negative volume effect of 4.4%. The company reported EBITDA of €307 million (€385 million in Q3'19) and EBITDA margin of 16.1%.

    Net debt was down €265 million on June 30, 2020, at €1,869 million including hybrid bonds (€2,470 million on Sept. 30, 2019).

    Arkema reported the successful issuance of the Group's first-ever green bond for a total amount of €300 million dedicated to financing the growth project in bio-based polyamides in Singapore.

    "After a second quarter marked by the development of the COVID-19 health crisis, global demand recovered in the third quarter and was supported in particular by the strong improvement of market segments linked to construction. Group volumes reflect a clear rebound compared to the previous quarter," chairman and CEO Thierry Le Hénaff said. "In a context that remains volatile and uncertain, Arkema continues to demonstrate its solidity thanks to the responsiveness and daily commitment of its teams.

    “Specialty Materials, which now account for 83% of Group sales, showed a good level of resilience given the current environment. The Group continued to roll out its cost reduction initiatives and to strictly adapt its working capital. The high level of cash generation in the third quarter enabled us to further strengthen our balance sheet structure.”
     
    Demand in the third quarter was supported in particular by the rebound in the construction and decorative paints markets, which started in June, growth in batteries, and a sequential improvement in the automotive sector toward the end of the quarter.

    The 4.5% negative price effect was due mainly to the impact of lower propylene prices in Coating Solutions and continued challenging market conditions in Intermediates.
     
    Suggested For You
    Axalta Updates Financial Guidance Axalta Updates Financial Guidance
    Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns
    Paint Specialist Flügger Maintains Momentum in Q1 2021-22 Paint Specialist Flügger Maintains Momentum in Q1 2021-22
    RPM to Hold Virtual-Only Annual Meeting of Shareholders RPM to Hold Virtual-Only Annual Meeting of Shareholders
    Arkema, Polymem Receive the ACS Team Innovation Award Arkema, Polymem Receive the ACS Team Innovation Award
    JNS-Smithchem, LLC JNS-Smithchem, LLC
    Arkema in Top Spot of Companies in Chemicals Sector Assessed by V.E Arkema in Top Spot of Companies in Chemicals Sector Assessed by V.E
    PPG Launches Virtual PPG Aerospace Academy Education Program PPG Launches Virtual PPG Aerospace Academy Education Program
    Lanco Paints & Coatings Expands in the Americas Lanco Paints & Coatings Expands in the Americas
    Arkema Acquires Ashland’s Performance Adhesives Business Arkema Acquires Ashland’s Performance Adhesives Business
    Indorama Ventures to Buy Brazil-based Oxiteno Indorama Ventures to Buy Brazil-based Oxiteno
    Sherwin-Williams Issues 2020 Sustainability Report Sherwin-Williams Issues 2020 Sustainability Report
    Global Advanced Bactericidal & Viricidal Coatings and Surfaces Markets 2021-2030 Global Advanced Bactericidal & Viricidal Coatings and Surfaces Markets 2021-2030
    Michelman’s Workplace Culture Honored Worldwide Michelman’s Workplace Culture Honored Worldwide
    Q-Lab Announces UVC Testing Capabilities at Accelerated Contract Test Services Facilities Q-Lab Announces UVC Testing Capabilities at Accelerated Contract Test Services Facilities

    Related Breaking News

    • Breaking News | Financial News | Market Trends & Forecast
      Axalta Updates Financial Guidance

      Axalta Updates Financial Guidance

      Axalta updates financial guidance to reflect ongoing impacts of customer supply chain shortages and raw material and logistics constraints.
      09.22.21

    • Breaking News | Marine Coatings | Paint & Coatings Manufacturer News
      Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns

      Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns

      Nippon Paint Marine has registered a significant spike in Turkish drydockings as operators of small- to mid-size tonnage redirect vessels from Asia.
      09.22.21

    • Breaking News | Financial News | Paint & Coatings Manufacturer News
      Paint Specialist Flügger Maintains Momentum in Q1 2021-22

      Paint Specialist Flügger Maintains Momentum in Q1 2021-22

      Sales were $766 million for the quarter, up 17% in the prior year period.
      09.21.21


    • Breaking News | Financial News
      RPM to Hold Virtual-Only Annual Meeting of Shareholders

      RPM to Hold Virtual-Only Annual Meeting of Shareholders

      The annual meeting will be held at 2:00 p.m. EDT on Thursday, October 7, 2021.
      09.15.21

    • Breaking News | Industry News
      Arkema, Polymem Receive the ACS Team Innovation Award

      Arkema, Polymem Receive the ACS Team Innovation Award

      Honored for water ultrafiltration membranes made from Kynar PVDF.
      09.10.21

    Loading, Please Wait..
    Trending
    • PPG Completes $2.7 Million Expansion Of Powder Coatings Factory In Sumaré, Brazil
    • Sherwin-Williams Reveals 2024 Color Of The Year, Upward SW 6239
    • Diamond Vogel Opens Innovation Center
    • U.S. Green Building Council Announces 2023 Leadership Award Recipients
    • Birla Carbon Releases Its 11th Sustainability Report
    Breaking News
    • EMPA Develops Flame Resistant Epoxy Resin
    • Becker’s Global Mental Health Program Shows Positive Impact
    • Pacific Coatings Show Invites Industry to Top-Class Programs
    • PPG Introduces PPG SUSTAINABILITY CO₂NCEPT System
    • Gulf and Pacific Coatings Show Invite Professionals to Top-Class Programs
    View Breaking News >
    CURRENT ISSUE

    September 2023

    • Powder Coatings Market
    • Performance Enhancing Additives
    • The Role Of Kilowatt Hours In Measuring Mill Performance
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Curcumin May Be As Effective as PPI for Indigestion
    Adding Human Milk Component to Formula Linked to Long-term Cognitive Benefits for Babies
    Women in Nutraceuticals Launches Pilot Mentorship Program
    Coatings World

    Latest Breaking News From Coatings World

    Becker’s Global Mental Health Program Shows Positive Impact
    Pacific Coatings Show Invites Industry to Top-Class Programs
    PPG Introduces PPG SUSTAINABILITY CO₂NCEPT System
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    FDA Awards Nearly $7.5 Million to Pediatric Device Consortium
    Elixir Medical Finishes Clinical Study Enrollment for its Coronary Implant
    Quest Diagnostics Launches Prostate Cancer Test
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Nexcella Completes 2nd NXC-201 Engineering Batch
    Almirall Upgrades Werum PAS-X MES
    Rentschler Names Industry Veterans to Leadership Posts
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    GK Hair Expands Color Range to 125 Hues
    WPO and AIPIA Sign MoU to Collaborate on Smart Packaging
    SuperstarBots & Skin Match Redefine Personalized Beauty Recommendations with Social Media Chatbot
    Happi

    Latest Breaking News From Happi

    Gen Z’s Interest in Collagen Hits Three-Year High
    Clean Skincare Brand Farmacy Beauty Partners with Advisry for Promotions
    CeraVe Expands Dermatology Residency Training Program at the George Washington University School of Medicine and Health Sciences
    Ink World

    Latest Breaking News From Ink World

    Pacific Coatings Show Invites Industry to Top-Class Programs
    Wikoff Color Announces Appointment of Mark C. Lewis as New CEO
    2023 CPIPC Christmas Party will be Saturday, Dec. 9
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Bastille Parfums strengthens traceability with Avery Dennison RFID technology
    UPM Raflatac announces winners of RafCycle Award
    Eaglewood Technologies opens Cincinnati service center
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Albis Starts Up Extra Wide Carding, Blending LIne
    Ahlstrom Launches Laundry Care Product
    Sandler Repositions Brands
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Lincotek Marks its 50th Anniversary
    FDA OKs Standalone Indication for ChoiceSpine's Blackhawk Ti Cervical Spacer
    Carlsmed Earns Breakthrough Status for aprevo to Treat Cervical Spine Disease
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Le Biscuit Boosts Omnichannel Operations with Zebra Technologies
    German Government, Bavaria Commit Support to ams OSRAM
    ASSA ABLOY Acquires Evolis

    Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login