The Board of Directors of Arkema met on 27 February 2017 to close the Group's consolidated accounts for 2016 and the annual financial statements of the parent company. At the close of the meeting, Chairman and CEO Thierry Le Hénaff stated:

'The Group achieved an excellent 4 quarter driven by excellent growth in volumes. For the year as a whole, financial performance was significantly up and cash generation was high.

These performances benefit from the projects implemented in recent years, and reflect the Group's profile shift towards specialty chemicals and advanced materials. The swift and successful integration of Bostik has enabled us to achieve one year ahead of schedule the EBITDA growth target we had set ourselves for this acquisition and the acquisition of Den Braven represents a further growth milestone in adhesives.

Our ongoing efforts to develop innovative solutions in new materials are paying off with many commercial successes, in particular in Technical Polymers. Finally, growth in volumes has benefited from our balanced geographic positioning, with a strong presence in North America and in Asia which together account for some 60% of our sales.

The quality of the new Arkema profile, the growth catalysts in place, the management's track record since the stock market listing ten years ago, and the Group's solid financial structure are strong assets to continue creating value over the long term.'

Arkema SA published this content on 28 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 February 2017 06:08:09 UTC.

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