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Arkema Reports First Quarter 2023 Results

Sales were €2.5 billion, down by 12.6% year-on-year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

In an environment in the continuity of the end of last year, marked by continued low volumes, the Arkema Group achieved a solid financial performance in the first quarter, in line with its full-year guidance for 2023. Sales were €2.5 billion, down by 12.6% year-on-year. Volumes were down, impacted by continued weak demand in Europe, a slowdown observed in construction in the United States, and temporary destocking in batteries in China. There was overall resilience in prices, benefiting fr...

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