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●Sales increased by 3% year-on-year to EUR 216 billion, thanks to a 7% increase in sales
●Earnings before interest, tax, depreciation and amortization (EBITDA) remained very good at 385 million euros
3% increase from record level in 2018
Driven by growth in specialty products business
● In a more challenging and uncertain macroeconomic environment, the EBITDA margin was highly resilient at 14% (13% in Q3 2018)
● Adjusted net income of 166 million euros, equivalent to 5% of sales
● Strong cash generation capacity, with free cash flow of EUR 218 million, in line with the first half of the year
●Net debt of EUR 77 billion (2x LTM EBITDA), including the recent acquisition of ArrMaz and our joint venture partner's remaining stake in Shengke
●Continued transition to specialty product portfolio with the planned divestiture of the functional polyolefin business announced on October 14
On October 29, 2019, Arkema held a board meeting to review the Group's consolidated financial statements for the third quarter of 201 Regarding this performance and performance, .
“ In the third quarter, the Group delivered a very good financial performance despite the still very challenging global macroeconomic environme.
" In the third quarter, the Group delivered a very good financial performance despite the still very challenging global macroeconomic environme.
Arkema's Specialty Products business improved significantly EBITDA despite slightly lower volumes, thanks to strong pricing, an optimised product mix, a more favourable raw material environment and the integration of ArrM.
In the face of the unfavourable external environment, the quality of our performance has rewarded the input and efforts of our team, validating the continuous strategic adjustment of the Group's business portfol.
In the fourth quarter, the macroeconomic environment is expected to remain volatile and complex, with geopolitical instability that will impact global demand and lead to volatility in raw materials, leading our customers to carefully manage inventori.
Therefore, the Group will continue to carry out its industrial projects, implement operational excellence solutions, enhance innovation momentum for sustainable development and mobility, and advance targeted acquisitions
The Group will continue to develop its industrial projects, implement operational excellence solutions, enhance innovation momentum for sustainable development and mobility, and advance targeted acquisitions
Combining the results of the first three quarters, Arkema, while focusing on macroeconomic developments, confirmed its ambitious goal of consolidating its financial performance at a high level, achieving in 2019 the same level of tax, interest, depreciation and depreciation as the record level in 201 Profit before amortizati.
