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Investing.com -- Shares of Arkema (EPA:AKE) edged up 1% following the company’s announcement that its EBITDA outlook for the fiscal year would at least match last year’s figure of €1,532 million at constant exchange rates.
This revision comes despite an estimated €20 million foreign exchange headwind.
Arkema’s recent financial results showed a slight decline in organic group sales, which were down 0.7% with volumes dropping by 0.2% and prices by 0.5%.
However, the company’s portfolio grew by 1.9%, and currency effects added another 0.5%. The adjusted EBITDA for the first quarter came in at €329 million, aligning with both the company’s own forecast and consensus estimates, while marking a modest 1% increase over consensus.
Despite the positive EBITDA, the company’s operating cash flow for the first quarter of 2025 decreased to €22 million, compared to €85 million in the same quarter of the previous year.
Free cash flow also saw a downturn, with a negative €155 million reported for the first quarter of 2025, compared to negative €82 million in the first quarter of 2024. The adjusted EBITDA margin also experienced a decline, falling by 110 basis points year on year.
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