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Arkema SA Issues FY 2013 EBITDA Guidance in Line with Analysts' Estimates; Confirms FY 2016 and 2020 Sales and EBITDA Margin Guidance; Updates on New Facilities

Thursday, 7 Nov 2013 01:00am EST 

Arkema SA announced that it targets fiscal year 2013 EBITDA around EUR 920 million. In the medium and long term, the Group confirms its ambition to achieve by 2016 EUR 8 billion sales and a 16% EBITDA margin while maintaining gearing below 40%, and, by 2020, the Group aims to achieve EUR10 billion sales and a 17% EBITDA margin with gearing below 40%. According to I/B/E/S estimates, analysts on average are expecting the Company to report fiscal year 2013 EBITDA of EUR 941.15 million. The Company also announced that the construction of a new coating resins production plant on the Changshu site in China is being finalized. Startup is expected by the end of 2013. In addition, Arkema SA announced the launch of the construction of production capacities for new generation 1234yf refrigerant fluorinated gases. This LGWP (Low Global Warming Potential) gas, intended for automotive air-conditioning, meets future needs and upcoming regulations in this sector. The first such unit, built in Asia for commissioning in 2016, will help fulfill initial 1234yf requirements. A second investment would then be made in Europe to fully replace R134a, the current refrigerant gas, from 2017 onwards. 

Company Quote

2.095 +4.20%
21 Nov 2014