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Arkema: Strong Q2 2024 Results Following a Challenging 2023

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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