Arkema S.A. (OTCPK:ARKAF) Q3 2024 Earnings Convention Name November 6, 2024 5:00 AM ET
Firm Members
Thierry Le Hénaff – Chairman and CEOMarie-José Donsion – Chief Monetary Officer
Convention Name Members
Thomas Wrigglesworth – Morgan StanleyEmmanuel Matot – ODDO BHF Company & MarketsAron Cecceralli – BerenbergChetan Udeshi – JPMorgan Chase & CoGeorgina Fraser – Goldman SachsGeoffery Haire – UBS Funding BankJaideep Pandya – On Discipline ResearchRanulf Orr – Citigroup Inc.Matthew Yates – BofA SecuritiesAlex Stewart – Barclays
Thierry Le Hénaff
Good morning, all people. Welcome to Arkema’s Q3 ’24 Outcomes Convention Name. With me right this moment are, as normal, our CFO, Marie-José Donsion and the Investor Relations workforce. To help this convention name, we’ve posted a set of slides which can be found on our web site. And as normal, 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 step with what has already been noticed for a number of quarters, specifically continued delicate 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 had been down in September, which mirror stock adjustment finish of the quarter at some clients.
Regardless of this context, Arkema achieved, we consider, robust monetary outcomes, considerably greater than the typical of its friends. We’re capable of ship once more a strong gross sales progress in Q3 up 2.9% in contrast with final 12 months, pushed by Specialty Supplies in Asia and within the U.S., whereas Europe suffered from low demand general. In addition to we elevated our EBITDA by greater than 5% and
