Q2 operating profit in the industrial chemicals segment, which includes the company’s acrylics business, fell to EUR 208m from EUR 226m in the same period in 2011. Sales in the period rose by 16% year-on-year to EUR 1.14 bn. This increase mainly reflects the contribution of specialty resins which joined the group on 1 July 2011. Volumes in industrial chemicals declined compared to the peak of Q2 2011, impacted by several maintenance turnarounds.
In the first half of 2012, the industrial chemicals segment saw a fall in operating profit to EUR 378m from EUR 453m in H1 2011. Sales in the period increased by 15% year-on-year to EUR 2.22 bn.
Operating profit in the segment in the first six months of 2012 rose by 22% year-on-year to EUR 211m on sales up 13% at EUR 1.11 bn.
On 3 July 2012, Arkema completed the divestment of its vinyls business, which generated annual sales of EUR 1 bn – see Plasteurope.com of 06.07.2012.
Looking forward, Arkema said that while remaining cautious about changes in the macro-economic environment, and assuming continuity with the first half of the year, it was confident in its ability to deliver a very solid year in 2012, and should achieve an EBITDA close to EUR 1 bn. Further in the future, the company aims to achieve EUR 8 bn in sales and EUR 1.2 bn in operating profit by 2016.