Arkema is engaged in the global chemical industry which is a processing industry based on the transformation in one or several stages of raw materials (oil derivatives, gas, minerals, natural products) into more or less complex chemical products, or into plastics obtained by polymerization. In addition, Co. manufactures a wide range of products for other major industries: construction, packaging, chemicals, automotive, electronics, food manufacturing, pharmaceuticals, etc. Co. operates in this industrial context with a business portfolio focused on three segments: High Performance Materials, Industrial Specialties, and Coating Solutions.
  • TickerAKE
  • ISINFR0010313833
  • ExchangeEuronext Paris
  • SectorChemicals
  • CountryFrance

Analysts

Moody's upgrades Arkema to Baa1, stable outlook

Rating Action: Moody's upgrades Arkema to Baa1, stable outlook. Global Credit Research- 13 Nov 2019. Frankfurt am Main, November 13, 2019-- Moody's Investors Service today upgraded to Baa1 from Baa2 the long-term issuer rating of Arkema and the senior unsecured regular bond rating as well as the senior unsecured medium-term note programme to Baa1 from Baa2.

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 31/10/2019 - BNP Paribas - EN

TP ICAP - Europe - Morning CreditUpdate 31/10/2019 - BNP Paribas - EN

Moody's upgrades Arkema to Baa1, stable outlook

Rating Action: Moody's upgrades Arkema to Baa1, stable outlook. Global Credit Research- 13 Nov 2019. Frankfurt am Main, November 13, 2019-- Moody's Investors Service today upgraded to Baa1 from Baa2 the long-term issuer rating of Arkema and the senior unsecured regular bond rating as well as the senior unsecured medium-term note programme to Baa1 from Baa2.

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 31/10/2019 - BNP Paribas - EN

TP ICAP - Europe - Morning CreditUpdate 31/10/2019 - BNP Paribas - EN

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 31/10/2019 - BNP Paribas - FR

BNP Paribas (Conserver) : Résultat avant impôts de €8,9mds (+4,0%) sur les 9M-19 Peugeot / Fiat Chrysler Automobiles (Achat) : 3,7mds de synergies sont à attendre de la fusion Standard Chartered (Achat) - 9M-19 : PNB de $11,7 mds (+2,6%) BBVA (Achat) - 9M-19 : PNB de €18,1 mds ( 3,0%, 3,8% à tcc) Casino (Achat souches courtes, Conserver souches longues): Emission senior de €750m, garantie par une holding regroupant les actifs immobiliers en France General Electric (Achat) - 9M-19 : Perte nette de -$6,0mds (-$23,4mds un an avant) Johnson & J...

Moody's announces completion of a periodic review of ratings of Arkema

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Arkema. Global Credit Research- 18 Oct 2019. Frankfurt am Main, October 18, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Arkema and other ratings that are associated with the same analytical unit.

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 15/10/2019 - Saint-Gobain - FR

Saint-Gobain (Achat) : Continue la cession des activités de distribution aux particuliers Portugal : Envisage de réduire le niveau de l’endettement en dessous de 100% d’ici 2023 Banques néerlandaises : Devront afficher €3mds de fonds propres supplémentaires Arkema (Achat) : Projette de céder son activité Polyoléfines Fonctionnelles pour €335m Capgemini : L'AMF valide le projet d'OPA sur Altran Wendel (Achat) : Accord sur l’acquisition de CPI pour $910m Matalan – S1-19/20 : Résultat opérationnel de £35m (+9,3%)

Emmanuel Matot

Arkema : A reassuring Q3 2019 publication – Resilience confirmed

>Q3 2019 EBITDA a shade ahead of expectations – Resumption of growth thanks to specialties - Arkema has just reported its Q3 2019 results. We recap on the return to growth of EBITDA (+3% vs Q2 = -5% and Q1 = -3%), to a level slightly exceeding expectation (€ 385m vs ODDO BHF/consensus = € 380m/€ 374m).This performance came from specialty businesses (profits driven by Bostik, innovation, the product mix, raw materials environment and the acquisition of Arrmaz), of...

Emmanuel Matot

Arkema : Publication T3 2019 rassurante – Résilience confirmée

>EBITDA T3 légèrement supérieur aux attentes – Retour à la croissance grâce aux spécialités - Arkema vient de publier ses résultats T3 2019. Nous retiendrons un retour à la croissance de l’EBITDA (+3% vs T2 = -5% et T1 = -3%), à un niveau dépassant légèrement les attentes (385 M€ vs ODDO BHF/consensus = 380/374 M€).Cette performance provient des activités de spécialités (profits tirés par Bostik, l’innovation, le mix-produits, l’environnement matières premières e...

Emmanuel Matot

ODDO : Our forecasts are maintained following Q2 earnings

>Arkema: no major surprise on the performance in a difficult macroeconomic context - Arkema published yesterday evening EBITDA of € 407m in Q2, close to our expectations (consensus = € 398m), down -5% on a reported basis (note Q1 = -3%). As expected, volumes remained under pressure (-2%).By division, we note the following: 1/ strong performance in adhesives (continued catch-up of prices relative to raw materials), coating solutions (both upstream and downstream a...

Emmanuel Matot

ODDO : Maintien de nos prévisions suite aux publications T2

>Arkema : Performances sans grande surprise dans un contexte macro compliqué - Arkema a publié hier un EBITDA de 407 M€ au T2, un niveau proche des attentes (consensus = 398 M€) et en baisse de -5% en donnée publiée (rappel T1 = -3%). Sans surprise, les volumes sont restés sous pression (-2%).Par activité, nous retiendrons surtout : 1/ de solides performances dans les adhésifs (poursuite du rattrapage des prix par rapport aux matières premières), les coating solu...

Emmanuel Matot

Arkema : No major surprise on the performance in a difficult macroeconomic context

>Q2 results close to forecasts with EBITDA down 5% - Demand under pressure - Arkema has just reported its Q2 2019 results. They appear close to forecasts with EBITDA down 5% to € 407m (ODDO/consensus = € 415m/€ 398m - Q1 = -3%) based on a 2% decline in volumes (leading markets under pressure: automotive, consumer electronics and oil&gas).By division, the industrial specialities activity was down sharply (EBITDA = -14% to € 179m - illegal imports of HFC gas in Eur...

1 director sold

A director at Arkema sold 4,470 shares at 91.090EUR and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members ...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/30/2019

We are adopting a more upbeat stance on the winter season thanks to capacity increases being markedly less brisk than in previous years, which offsets the impact of a deterioration in demand. IAG (Buy vs Neutral – € 7.3) becomes our Top Pick for the sector. In our view, it is the stock that stands to gain the most from the streamlining of capacity (in the transatlantic network) and boasts the most attractive valuation. - ...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 30/10/2019

Nous adoptons un ton plus optimiste sur l’hiver grâce à une croissance de l’offre tangiblement moins soutenue que lors des exercices précédents, ce qui permet de tempérer les effets de la dégradation de la demande. IAG (Achat vs Neutre – 7.3 €) devient notre Top Pick sur le secteur. C'est le titre qui, selon nous, bénéficiera le plus de la rationalité de l’offre (vers le transatlantique) et offre la valorisation la plus attractive. - Cf. étude publiée ce jour. - ...

Alain William ...
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean-François Granjon
  • Nicolas David
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 08/02/2019

...

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Anis Zgaya
  • Baptiste Lebacq
  • Benoit Valleaux
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/02/2019

...

Alain William ...
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean-François Granjon
  • Nicolas David
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 02/08/2019

...

An increasingly favourable environment allows ARKEMA to improve to Neutral

The independent financial analyst theScreener just upgraded the general evaluation of ARKEMA (FR), a company active in the Commodity Chemicals industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains as risky. theScreener believes, however, that a more enabling environment allows the title to increase its general evaluation to Neutral. As of the analysis date September 13, 2019, the closing price was EUR 88.48 and its expected value was estimated at EUR 79.94.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Carole Braudeau

Accor : Credit Feedback – Oddo BHF Forum 10 and 11 January

Our annual Forum in Lyon brought together 263 companies, including 41% of foreign companies, nearly 545 investors (33% foreigners), almost 6,500 one-to-one meetings. - This document gathers a brief feedback from the bond issuers and CB underlying companies in attendance. - - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties, Icade, JCDecaux, Klépierre, Lanxess, MT...

Carole Braudeau

Accor : Feedback Crédit Forum des 10 et 11 janvier 2019

Notre Forum annuel Oddo BHF 2019 vient de se dérouler à Lyon : il a réuni 263 sociétés, dont 41% étrangères, près de 545 investisseurs (33% étrangers), soit près de 6 500 one-to-one. - Ce document synthétise nos feed-back concernant les émetteurs obligataires présents et sous-jacents d’obligations convertibles. - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties,...

MarketLine Department

Ashland Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Ashland Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Ashland Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlight...

MarketLine Department

Lanxess AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Lanxess AG Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Lanxess AG since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights T...

MarketLine Department

Nordson Corporation - Strategy, SWOT and Corporate Finance Report

Nordson Corporation - Strategy, SWOT and Corporate Finance Report Summary Nordson Corporation - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Nordson Corporation (Nordson) is a manufacturer and supplier of differentiated products and systems used to dispense, apply and control adhesives, sealants, polymers, coatings, biomaterials, and other fluids. Its products...

Charles Pinel

Arkema - Assemblée générale des actionnaires du 21 mai 2019

François Enaud, administrateur référent non indépendant car en fonction depuis 13 ans, va quitter le conseil à l'issue de cette assemblée générale et sera remplacé à ce poste par un membre indépendant, Hélène Moreau-Leroy. Par ailleurs, autre point positif, le conseil est composé d'une majorité de membres libres de conflits d'intérêts potentiels. Dans ces conditions, les nominations et renouvellements proposés seront tous soutenus (résolutions 5 à 8). De nouveau, l'attention des actionnaires est attirée sur les niveaux de rémunération du Président-Directeur général qui paraissent excessives à...

Expert Corporate Governance Service (ECGS)

Arkema - AGM and EGM 21 May 2019

François Enaud, Lead Director, who is not considered as independent since he has been in office for 13 years, will leave the Board at the end of this general meeting and will be replaced by an independent member, Hélène Moreau-Leroy. Another positive point, the Board is composed by a majority of independent members. Accordingly, ECGS recommends to APPROVE all four re-elections (resolutions 5 to 8).  Once again, shareholders' attention is drawn to the excessive compensation levels of the Chairman and Chief Executive Officer, which amount to € 4.6 million in 2018. A similar amount could be allo...

Arkema – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jehanne Leroy

Proxy Report - 18/05/2018

The remuneration awarded to Thierry Le Hénaff, Chairman & CEO, was excessive in 2017. He received € 4.5 M and may receive the same amount next year. Moreover the long term years of this directors, François Enaud and Thierry Morin, reduce the independent rate of the board of directors.

Jehanne Leroy

Proxy Report - 18/05/2018

Cette année, Proxinvest attire de nouveau l'attention des actionnaires sur la rémunération attribuée et la rémunération attribuable à M. Le Hénaff qui paraissent excessive. Ainsi en 2017, le Président Directeur Général a perçu un peu plus de 4,5 M d'euros; et pourrait se voir attribuer pas moins de la même somme en 2018. Ces rémunérations excessives sont étonnantes, surtout pour une entreprise étant membre du SBF 120. Le conseil comprendra avec un nouvel administrateur. Cependant deux administrateurs seront requalifiés à raison de leurs anciennetés dans la société. De ce fait, le taux d'indép...

Jérôme VINERIER

Short term view - ARKEMA : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €87.81. The background trend would be questioned should prices rise above €99.54.

Jérôme VINERIER

Analyse court terme - ARKEMA : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 87,81 €. La tendance de fond serait remise en cause en cas de franchissement de 99,54 €.

Jérôme VINERIER

Analyse court terme - ARKEMA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 87,81 €, puis 84,28 €. Le franchissement de 99,54 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - ARKEMA : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €87.81, then €84.28. Passing €99.54 would question the continuation of the fall.

Jérôme VINERIER

Medium term view - ARKEMA : The trend is uncertain.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

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