Arkema Q2 2021 sales of $240 million

On July 29, 2021, Arkema disclosed its results for the second quarter of 2021
.
The Group recorded excellent earnings growth in the second quarter, notably a 67% increase in EBITDA compared to 2020, higher than the pre-crisis level in 2019
.
This performance was driven by Specialty Materials, which benefited from strong demand for innovative, sustainable materials and their unique positioning to support global megatrends
.
Against this backdrop, Arkema has again significantly raised its financial targets for 2021, given the quality of the results achieved in the first half
.

Thierry Le Hénaff, Chairman and Chief Executive Officer, said: "Arkema employees can be proud of the results achieved in the second quarter, and I would like to take this opportunity to express my enthusiasm for their contribution.
Thanks
.
We expect results to be significantly higher than 2020 levels
.
However, the 2019 performance, especially in specialty materials, is a great achievement and puts us fully on track for 2024
.
This performance fully demonstrates the effectiveness of our strategy for sustainable growth and transition to innovative, high-performance materials
.

In a world of rapid change and opportunity, we believe in the strength of our projects, the product of our team's unwavering commitment over the years, allowing us to uniquely support our clients in addressing the grand challenges of sustainable development
.

Our technology, our partnerships with customers, our geographic footprint and our financial flexibility are all valuable assets that will help accelerate our organic growth through high-quality industrial projects, complemented by complementary acquisitions Strengthen our specialty materials
.

We are more confident than ever to create value and passionate about growth opportunities, especially in areas such as lightweight and bio-based materials, batteries, hydrogen, 3D printing, technical adhesives and greener coatings
.
This confidence is reflected in raising our price guide for the second time this year
.
"

Outlook for 2021

The positive dynamics observed in the first half continued thanks to strong demand from most of the Group's end markets
.
Nonetheless, Arkema will remain vigilant and ready to respond quickly to the evolution of the current health crisis and the rising raw material environment, and will take price increases
.

In addition, Arkema will continue to leverage its strong sustainable innovation momentum and recent capacity expansion to capitalize on the accelerating demand for sustainable, high-performance solutions driven by global megatrends
.

Given its financial performance in the first half of the year, and while continuing to focus on the still volatile macroeconomic environment, the Group has again significantly raised its full-year guidance
.
Excluding the full-body recovery health crisis, Arkema is now targeting 2021, relative to around 30% growth in Specialty Materials EBITDA to 2020 in a fixed range and currency, relative to the previously announced 20%
.
As a result, the Group's EBITDA for the full year should amount to approximately EUR 1.
4 billion
.

Finally, Arkema will continue to deploy its strategic roadmap to achieve its ambition to become a pure-play specialty materials player by 2024
.