Chemicals company Arkema has reported sales of €2.23 billion in Q1 2021, an increase of 12.7% compared to the same period in 2020.

The company had EBITDA of €358 million, up by almost 20% from €300 million in Q1 2020.

Specialty Materials’ EBITDA were €306 million for Q1 2021, an increase of 19.5%, supported by strong increases in Arkema’s Adhesive Solutions, Advanced Materials and Coating Solutions segments.

As a result of these positive reports, the company says that it has raised its 2021 guidance, with the Group now targeting around 20% growth in Specialty Materials’ EBITDA relative to 2020 at constant scope and currency.

This story uses material from Arkema, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.