August 1, 2019 / 5:29 AM / 3 months ago

Arkema keeps FY EBITDA goal despite 'challenging' economy

(Reuters) - French chemical group Arkema (AKE.PA) maintained its 2019 core profit forecast on Thursday, despite a volatile and complex macroeconomic environment.

The company said it kept its 2019 goal to achieve earnings before interest, tax, depreciation and amortization (EBITDA) comparable with 2018, when it climbed 6% to hit a record of 1.47 billion euros (£1.34 billion).

Second quarter EBITDA reached 407 million euros, below the 430 million euros reported year ago.

In May, the company confirmed its full-year goal for EBITDA while predicting second quarter performance to fall short of last year’s levels..

Reporting by Marta Frackowiak in Gdynia; Editing by Tomasz Janowski

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