Arkema, a global leader in specialty materials, offers innovative solutions across adhesives, high-performance polymers, and coatings. In 2024, the company capitalized on economic recovery after a challenging 2023.
Q2 2024 Financial Results
In Q2 2024, Arkema recorded sales of €2.5 billion, up 3.8% compared to the same period in 2023, with EBITDA reaching €451 million, an increase of 8.2%. This reflects Arkema’s ability to rebound in a challenging environment.
Challenges of 2023: A Brief Overview
In 2023, Arkema faced lower sales volumes and contracted margins due to several factors:
Weakened demand in key sectors such as construction and automotive.
Fluctuating raw material costs, where falling material prices didn’t offset rising production costs.
Client destocking, particularly in high-performance materials.
Macroeconomic uncertainty, with inflation and geopolitical tensions affecting Arkema’s key markets in Europe and China.
Segment Growth and Key Investments in 2024
Despite these challenges, Arkema rebounded in 2024:
Adhesive Solutions: EBITDA rose 14.7%, driven by strong demand in packaging and labeling.
Advanced Materials: High-performance polymers saw solid growth in Asia, particularly in batteries and renewable energy.
Coating Solutions: Growth in sustainable initiatives contributed to the performance of this segment.
Strategic Focus and Outlook
Arkema is focusing on industrial projects and ramping up production at its new units in Singapore and China. The group maintains its 2024 EBITDA target of €1.53 to €1.63 billion, supported by cost management and sustainable solutions development.
Conclusion
After a challenging 2023, Arkema rebounded in 2024 through strategic investments and adaptation. The group continues to drive growth, particularly in sustainable solutions and high-performance polymers.
You will find attached to this article the presentation file for Arkema.
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