Arkema's Board of Directors met on 8 November 2017 to review the Group's consolidated financial statements for the third quarter of 2017. At the close of the meeting, Chairman and CEO Thierry Le Hénaff stated:

'Just a few months after our Capital Markets Days - when we confirmed the Group's growth strategy for adhesives and advanced materials and announced our financial targets for 2023 - we have released excellent results for the third quarter of 2017. Two factors sum up this strong quarterly performance: a 44% increase in adjusted net income and record-high cash generation.

These results once again demonstrate the rationale of the Group's strategy and its successful implementation by our teams. The drivers of our strong growth figures for this quarter include our recent industrial investments in Asia and France and our best-in-class, cutting-edge R&D projects for batteries, solar power, water treatment, adhesives, and lightweight and bio-based materials.

Following our successive acquisitions of Den Braven and CMP, as part of our strategy to continue to expand Bostik's business, we recently announced that we intend to acquire XL Brands, which specializes in flooring adhesives in the United States.

All of the above factors confirm the Group's strong positioning in specialty activities, which are at the heart of its development strategy.'

Arkema SA published this content on 09 November 2017 and is solely responsible for the information contained herein.
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