Arkema: EBITDA margin down in Q2
(CercleFinance.com) - Arkema has reported Q2 2020 underlying adjusted net income of 90 million euros, against 192 million euros a year ago, with an EBITDA margin that is down 3.
1 points to 15%, for sales that are down 15.6% at 1.9 billion euros.
The chemical group explains that, during the period, it suffered from the "significant slowdown in the construction, transportation and industrial sectors, overshadowing good demand in the nutrition, packaging and hygiene markets".
Arkema estimates at this stage that, "sales in the third quarter will decline by around 10% year-on-year at constant scope and currency, representing a clear improvement compared to the decline of around 20% recorded in the second quarter".
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