MOSCOW (MRC) -- France-based chemicals company Arkema SA reported that its third-quarter net income group share climbed 154.2 percent to 61 million euros from 24 million euros last year, said the company in its press release.
Adjusted net income was 95 million euros, or 1.27 euros per share, compared to 70 million euros or 1.06 euros per share a year ago. Sales climbed 32 percent to 1.95 billion euros from 1.48 billion euros last year, mainly including Bostik contribution of 28%.
EBITDA increased 38 percent to 286 million euros.
Looking ahead, Arkema increased its EBITDA target, including Bostik contribution, for 2015 up to a range of 1.020 billion euros to 1.04 billion euros. The company earlier had announced an EBITDA target for 2015 slightly above 1 billion euros.
Thierry Le Henaff, Chairman and CEO, stated that the company remains cautious about the economic environment.
As MRC informed earlier, Arkema has inaugurated the thiochemicals plant, which successfully came on stream in Kerteh, Malaysia, beginning of 2015, but was officially inaugurated on 4 June 2015 in the presence of the main Malaysian authorities.
Arkema with annual revenue of EUR6.7 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