04 March 2014 06:38 [Source: ICIS news]
SINGAPORE (ICIS)--Arkema’s adjusted net income rose by 4.5% year on year to €46m in the fourth quarter of last year, supported by higher sales volumes at the firm’s high performance materials business segment, the French producer said on Tuesday.
The company’s sales dipped by 2.5% year on year to €1.41bn in the fourth quarter of 2013, while earnings before interest, tax, depreciation and amortisation (EBITDA) was down by 5.3% at €162m, Arkema said in a statement.
For the full year of 2013, the company’s adjusted net income fell by 16.6% year on year to €368m, with sales 4.6% lower at €6.1bn, it said.
“While remaining cautious about the economic environment, Arkema is confident in its ability to grow EBITDA in 2014," the company said.
“Over the longer term, Arkema confirms its ambition to achieve €8bn sales and a 16% EBITDA margin by 2016, and €10bn sales and close to 17% EBITDA margin by 2020,” it added.
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