MOSCOW (MRC) -- The Board of Directors of Arkema met on 3 March 2014 to close the consolidated accounts of Arkema for 2013 and the annual financial statements of the parent company, said the producer in its press release.
At the close of the meeting, Chairman and CEO Thierry Le Henaff stated: "With a solid EBITDA margin of around 15%, Arkema in 2013 demonstrated its ability to adapt to a less favourable environment than in 2012.
EUR 6.1 billion sales close to 2012 sales at constant scope of business and foreign exchange rate1, supported by volumes up by +1.4 % .
Solid EBITDA margin close to 15%, EUR 902 million EBITDA (down 7% at constant scope of business and exchange rate1). Sharp improvement in High Performance Materials results in Q4, but full year performance down compared to the high basis of comparison in 2012 .
5% EBITDA growth in Coating Solutions supported by capex and improvement in the decorative paint market in North America. Performance of Industrial Specialties impacted by market conditions in Fluorogases EUR 923 million net debt (1x EBITDA).
4Q'13: adjusted net income up 4.5% on last year, driven by sharp improvement in High Performance Materials .
In this context, Arkema continued to strengthen its relationships with its major commercial partners, controlled its fixed costs rigorously, and continued to optimize its industrial operations. The Group also continued to resolutely implement its long-term strategy through a large number of projects which will bear fruit in the near future: let me mention, for example, the construction of the thiochemicals platform in Malaysia, the announcement of our first industrial investment in the Middle East and the acquisition of Jurong's acrylic assets in China, all of which are highly promising projects that demonstrate our know-how.
As MRC informed previously, in November 2013, Arkema officially started its new 60,000 MTY emulsion polymers facility on its Changshu platform. The plant, part of Arkema’s Coating Resins business unit, will serve customers in the Asia Pacific region with a full line of waterborne emulsion polymers for coatings and adhesives applications.
Arkema with annual revenue of EUR6.4 billion is a leading European supplier of chlorochemicals and PVC. Kynar and Kynar Flex are registered trademarks of Arkema Inc. Arkema operates 11 organic peroxide plants on the three continents.
MRC