02.28.17
The Board of Directors of Arkema announced its 2016 results. EBITDA is at a new record high of €1,189 million, up 5% over last year, up significantly in each of the three business divisions. Volume is up by 3.2% driven by innovation and Asia. There is strong cash generation with €426 million free cash flow.
“The group achieved an excellent fourth quarter driven by excellent growth in volumes. For the year as a whole, financial performance was significantly up and cash generation was high,” chairman and CEO Thierry Le Hénaff said. “These performances benefit from the projects implemented in recent years, and reflect the group’s profile shift towards specialty chemicals and advanced materials. The swift and successful integration of Bostik has enabled us to achieve one year ahead of schedule the EBITDA growth target we had set ourselves for this acquisition and the acquisition of Den Braven represents a further growth milestone in adhesives.
“Our ongoing efforts to develop innovative solutions in new materials are paying off with many commercial successes, in particular in Technical Polymers,” Le Hénaff added. “Finally, growth in volumes has benefited from our balanced geographic positioning, with a strong presence in North America and in Asia which together account for some 60% of our sales."
“The group achieved an excellent fourth quarter driven by excellent growth in volumes. For the year as a whole, financial performance was significantly up and cash generation was high,” chairman and CEO Thierry Le Hénaff said. “These performances benefit from the projects implemented in recent years, and reflect the group’s profile shift towards specialty chemicals and advanced materials. The swift and successful integration of Bostik has enabled us to achieve one year ahead of schedule the EBITDA growth target we had set ourselves for this acquisition and the acquisition of Den Braven represents a further growth milestone in adhesives.
“Our ongoing efforts to develop innovative solutions in new materials are paying off with many commercial successes, in particular in Technical Polymers,” Le Hénaff added. “Finally, growth in volumes has benefited from our balanced geographic positioning, with a strong presence in North America and in Asia which together account for some 60% of our sales."
