Arkema S.A. (OTCPK:ARKAF) Q3 2024 Earnings Convention Name November 6, 2024 5:00 AM ET
Firm Individuals
Thierry Le Hénaff – Chairman and CEOMarie-José Donsion – Chief Monetary Officer
Convention Name Individuals
Thomas Wrigglesworth – Morgan StanleyEmmanuel Matot – ODDO BHF Company & MarketsAron Cecceralli – BerenbergChetan Udeshi – JPMorgan Chase & CoGeorgina Fraser – Goldman SachsGeoffery Haire – UBS Funding BankJaideep Pandya – On Subject ResearchRanulf Orr – Citigroup Inc.Matthew Yates – BofA SecuritiesAlex Stewart – Barclays
Thierry Le Hénaff
Good morning, everyone. Welcome to Arkema’s Q3 ’24 Outcomes Convention Name. With me right now are, as traditional, our CFO, Marie-José Donsion and the Investor Relations group. To help this convention name, we have now posted a set of slides which can be found on our web site. And as traditional, I’ll begin with some feedback on the highlights of the quarter earlier than letting Marie-José undergo the financials. And on the finish of the presentation, we’ll be accessible to reply your questions.
So the macroeconomic situations we encountered within the third quarter stay broadly in keeping with what has already been noticed for a number of quarters, particularly continued smooth demand in a world difficult macroenvironment. As soon as once more, there was no signal of rebound general, and we must always even add that the automotive sector has worsened notably in Europe. After an encouraging month of July, demand have been down in September, which mirror stock adjustment finish of the quarter at some prospects.
Regardless of this context, Arkema achieved, we consider, robust monetary outcomes, considerably greater than the common of its friends. We’re in a position to ship once more a strong gross sales development in Q3 up 2.9% in contrast with final yr, pushed by Specialty Supplies in Asia and within the U.S., whereas Europe suffered from low demand general. Moreover we elevated our EBITDA by greater than 5% and
