Adjusted net income was up by a strong 22.5% to €725 million, representing €9.51 per share (€7.82 in 2017). Arkema had free cash flow of €499 million, despite an acceleration of major organic growth investments. Net debt was scaled back to €1 billion, i.e. 0.7x 2018 EBITDA.
“Arkema achieved another excellent set of results in 2018, following on from three years of strong growth,” said chairman and CEO Thierry Le Hénaff. “Our financial performance was up on the 2017 record level despite a more unfavorable raw materials environment as well as a mixed macro-economic context towards the end of the year. Our net debt remains tightly controlled thanks to our excellent generation of cash.”