Arkema Third Quarter 2024 Earnings: Revenues Disappoint

Arkema (EPA:AKE) Third Quarter 2024 Results

Key Financial Results

• Revenue: €2.39b (up 2.9% from 3Q 2023).
• Net income: €118.0m (up 3.5% from 3Q 2023).
• Profit margin: 4.9% (in line with 3Q 2023).
• EPS: €1.43 (up from €1.39 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Arkema Revenues Disappoint

Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Chemicals industry in France.

Performance of the French Chemicals industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Arkema's balance sheet.

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