Edition:
United Kingdom

Arkema SA (AKE.PA)

AKE.PA on Paris Stock Exchange

76.28EUR
23 Aug 2019
Change (% chg)

€-2.38 (-3.03%)
Prev Close
€78.66
Open
€79.20
Day's High
€79.72
Day's Low
€76.28
Volume
236,603
Avg. Vol
288,629
52-wk High
€111.65
52-wk Low
€72.24

Latest Key Developments (Source: Significant Developments)

Arkema Q2 EBITDA Drops To ‍​407 Million Euros
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - ARKEMA SA ::CONFIRMS ITS AMBITION TO ACHIEVE IN 2019 EBITDA COMPARABLE WITH 2018.Q2 NET INCOME GROUP SHARE EUR 176‍​ MILLION VERSUS EUR 219 MILLION YEAR AGO.Q2 EBITDA EUR ‍​407 MILLION VERSUS EUR 430 MILLION YEAR AGO.Q2 SALES EUR ‍​2.25 BILLION VERSUS EUR 2.27 BILLION YEAR AGO.FOR 2019, CONFIRMS ITS AMBITION TO CONSOLIDATE ITS FINANCIAL PERFORMANCE AT HIGH LEVELS.  Full Article

Arkema Expands Sartomer’s Product Offering With Acquisition Of Lambson
Tuesday, 30 Jul 2019 

July 30 (Reuters) - ARKEMA SA ::ARKEMA EXPANDS SARTOMER’S PRODUCT OFFERING WITH THE ACQUISITION OF LAMBSON.CLOSING OF DEAL IS EXPECTED IN Q4 2019, SUBJECT TO APPROVAL BY ANTITRUST AUTHORITIES IN RELEVANT COUNTRIES.  Full Article

Arkema Successfully Completes Its Partial Hybrid Refinancing Transaction
Thursday, 13 Jun 2019 

June 14 (Reuters) - ARKEMA SA ::ANNOUNCED ON THURSDAY THAT THE COMPANY SUCCESSFULLY COMPLETES ITS PARTIAL HYBRID REFINANCING TRANSACTION.SUCCESS OF ITS CAPPED TENDER OFFER ON ITS UNDATED DEEPLY SUBORDINATED HYBRID NOTES WITH A COUPON OF 4.75% .FIRST CALL DATE ON 29 OCTOBER 2020 ISSUED ON 29 OCTOBER 2014.ACCEPTED THE TENDER OF NOTES AMOUNTING TO €400 MILLION AT A 106.137 % TENDER PRICE.REMAINING OUTSTANDING PRINCIPAL AMOUNT OF THE 2014 NOTES WILL BE €300 MILLION.ARKEMA ALSO SIGNED DOCUMENTATION RELATED TO ITS ISSUANCE OF UNDATED 5.25 YEAR NON-CALL DEEPLY SUBORDINATED NOTES, AMOUNTING TO €400 MILLION WITH FIXED COUPON OF 2.75% UNTIL THE FIRST CALL DATE.NEW NOTES WILL BE ISSUED ON 17 JUNE 2019.  Full Article

Arkema Intends To Issue A New Euro-Denominated Hybrid Note
Wednesday, 5 Jun 2019 

June 5 (Reuters) - Arkema SA ::ARKEMA INTENDS TO ISSUE A NEW EURO-DENOMINATED HYBRID NOTE AND TO LAUNCH A CAPPED TENDER OFFER ON ITS OUTSTANDING €700 MILLION HYBRID NOTE.INTENTION TO ISSUE NEW EURO DENOMINATED UNDATED NON-CALL 5.25 YEAR DEEPLY SUBORDINATED FIXED RATE RESETTABLE NOTES.PRICING OF NEW NOTES IS EXPECTED TO BE ANNOUNCED LATER TODAY.IS ALSO LAUNCHING A TENDER OFFER ( "TENDER OFFER") INTENDED TO PARTIALLY REPURCHASE ITS EUR 700,000,000 UNDATED DEEPLY SUBORDINATED FIXED TO RESET RATE NOTES WITH A FIRST CALL DATE ON 29 OCTOBER 2020.TENDER OFFER IS SUBJECT TO A MAXIMUM ACCEPTANCE AMOUNT WHICH IS EXPECTED TO BE EQUAL TO PRINCIPAL AMOUNT OF NEW NOTES.RESULTS OF TENDER OFFER WILL BE ANNOUNCED ON 13 JUNE 2019.EXPECTS RATING AGENCIES WILL ASSIGN NEW NOTES RATING OF BBB- (S&P) AND BA1 (MOODY'S) AND AN EQUITY CONTENT OF 50%.AGGREGATE SIZE OF COMPANY'S STOCK OF HYBRID NOTES WILL REMAIN AT LEAST EQUAL AS A RESULT..  Full Article

Arkema To Acquire Arrmaz, A US-Based Leader In Specialty Surfactants
Thursday, 16 May 2019 

May 16 (Reuters) - ARKEMA SA ::ARKEMA TO ACQUIRE ARRMAZ, A US-BASED LEADER IN SPECIALTY SURFACTANTS.PURCHASE PRICE IS BASED ON AN ENTERPRISE VALUE OF US$570 MILLION, WHICH CORRESPONDS TO AN EV/EBITDA MULTIPLE OF 10.8X.ARRMAZ WILL BE INTEGRATED IN PERFORMANCE ADDITIVES.ACQUISITION IS EXPECTED TO HAVE AN ACCRETIVE IMPACT ON CASH AND EARNINGS PER SHARE FROM FIRST YEAR OF INTEGRATION, AND WILL CONTRIBUTE TO GROUP'S 2020 AND 2023 OBJECTIVES.COMPLETION OF TRANSACTION IS EXPECTED IN SUMMER OF 2019.  Full Article

Arkema Q1 EBITDA Down At 370 Million Euros
Tuesday, 7 May 2019 

May 7 (Reuters) - ARKEMA SA ::EBITDA AT EUR 370 MILLION, CLOSE TO RECORD PERFORMANCE OF FIRST-QUARTER 2018 (EUR 383 MILLION), IN A VOLATILE AND MIXED ECONOMIC ENVIRONMENT.Q1 SALES UP 2.0% YEAR ON YEAR TO EUR 2,215 MILLION.STRONG CASH GENERATION FOR A Q1, WITH FREE CASH FLOW INCREASING TO EUR 73 MILLION (EUR 25 MILLION OUTFLOW IN FIRST-QUARTER 2018).END-Q1 NET DEBT UNDER TIGHT CONTROL AT EUR 1,130 MILLION.Q1 ADJUSTED NET INCOME AT EUR 165 MILLION, REPRESENTING 7.4% OF SALES.CONFIRMS ITS AMBITION TO ACHIEVE IN 2019 AN EBITDA COMPARABLE WITH 2018.Q1 NET INCOME GROUP SHARE EUR 147 MILLION VERSUS EUR 188 MILLION YEAR AGO.Q2 PERFORMANCE WHICH SHOULD REMAIN BELOW LAST YEAR.  Full Article

Arkema Chooses Singapore For Production Of Its Rilsan High-Performance Bio-Sourced Polyamides
Monday, 6 May 2019 

May 6 (Reuters) - ARKEMA SA ::ARKEMA CHOOSES SINGAPORE FOR THE PRODUCTION OF ITS RILSAN HIGH-PERFORMANCE BIO-SOURCED POLYAMIDES.CONSTRUCTION IS SCHEDULED TO BE COMPLETED BY LATE 2021.PROJECT IS PART OF GROUP'S EXCEPTIONAL INVESTMENTS TOTALING SOME 500 MILLION EUROS EARMARKED FOR 2018-2021.  Full Article

Arkema Starts 30-Pct Photocure Resin Production Capacity Increase In China
Thursday, 11 Apr 2019 

April 11 (Reuters) - ARKEMA SA ::ARKEMA STARTS A 30% PHOTOCURE RESIN PRODUCTION CAPACITY INCREASE AT ITS SARTOMER SITE IN CHINA.  Full Article

Arkema Opens New Powder Coating Resins Unit In India
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - ARKEMA SA ::ARKEMA OPENS A NEW POWDER COATING RESINS UNIT IN INDIA.WILL INAUGURATE A NEW POLYESTER RESIN MANUFACTURING FACILITY IN NAVI MUMBAI, MAHARASHTRA ON FEBRUARY 13, 2019.THIS IS US$15 M INVESTMENT.  Full Article

French company Safran buys stake in OXIS Energy
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - Safran SA ::* Safran acquires stake in OXIS Energy, leader in lithium sulfur cell technology for high energy density battery systems .* Safran Corporate Ventures is participating in a £7 million round of fresh funding alongside Aerotec and new investors, including Arkema. The investments made by these companies take the total capital raised to just under £24m and include Samsung Ventures which contributed to the fund in December 2016..* Capital raised will be used to commercialize and automate the process of mass production of rechargeable Lithium Sulfur cells/modules .* OXIS intends to focus on the aviation, defense and the heavy electric vehicles markets, such as buses and trucks .  Full Article

Arkema keeps FY EBITDA goal despite 'challenging' economy

French chemical group Arkema maintained its 2019 core profit forecast on Thursday, despite a volatile and complex macroeconomic environment.