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Arkema S.A. (ARKAY) Full Year 2023 Results Earnings Call Transcript Summary

moomoo AI ·  Mar 1 05:03  · Conference Call

The following is a summary of the Arkema S.A. (ARKAY) Full Year 2023 Results Earnings Call Transcript:

Financial Performance:

  • Arkema's 2023 EBITDA reached €1.5 billion, slightly surpassing pre-COVID projections.

  • EBITDA margin was stable at 15.8% backed by increased demand for high value-added solutions.

  • A regular cash flow of €761 million was confirmed due to efficient control of CapEX and working capital.

  • Following a robust financial performance in 2023, the company plans to recommend a dividend increase of 3% to €3.5 per share.

Business Progress:

  • Arkema made crucial progress with the acquisition of a 54% majority stake in PIAM, enhancing their Specialty Materials portfolio.

  • In line with customer sustainability, Arkema is wrapping up key expansions including Sartomer, PVDF in China, and Pebax in France.

  • Arkema reduced its greenhouse gases by 7% for Scopes 1 and 2 and by 9% for Scope 3 in 2023 compared to 2022, strengthening its dedication towards environmental sustainability.

  • Arkema anticipates the EBITDA for 2024 to be in the range of €1.5 billion to €1.7 billion, taking into account potential market recovery and incorporating the PIAM acquisition.

More details: ARKEMA SA SPON ADR EA REPR 1 ORD SHS IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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