ARKAF - Arkema Non-GAAP EPS of Euro3.52 revenue of Euro3B

• Arkema press release ( OTCPK:ARKAF ): Q3 Non-GAAP EPS of $3.52.
• Revenue of €3B (+25.0% Y/Y). Volumes were down by 7.6%, mainly impacted by the slowdown in Europe, and more particularly in construction where business was affected by destocking.
• EBITDA increased by 4.4% to €495M (€474M in Q3’21).
• Full year guidance confirmed: Arkema aims to achieve EBITDA of €2,100 million in 2022, i.e. annual EBITDA growth of around 20% at constant scope compared with 2021.
• Fourth-quarter EBITDA, which includes the destocking expected at year-end, should be comparable to the pre-Covid level of 2019, but below Q4’21 which benefited from significant restocking.

• Moreover, the Group is reaffirming its confidence in its ability to achieve the ambitious targets it has set for 2024.

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