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AKE — Arkema SA News Story

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Arkema jumps on 'solid' Q2 EBITDA beat

BUZZ-Arkema jumps on 'solid' Q2 EBITDA beat

** Shares in Arkema rise about 7% after the chemicals company beat Q2 EBITDA expectations

** Arkema reports Q2 EBITDA of €390.9 mln ($447 million), above consensus of €362 mln

** J.P. Morgan says EBITDA is a solid beat, while Jefferies adds specialty materials biz beat is a surprise

** However, Arkema confirms its FY outlook -- JPM says it remains to be seen whether this is a cautious approach or a sign of Q3 slowdown

** Arkema shares head for their best day since mid-Feb

($1 = 0.8744 euros)


(Reporting by Piotr Lipinski)

((piotr.lipinski@tr.com))

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