Arkema shares rise after Q3 beat, lifting peers

Solvay SA

07/11/2025 09:42

** Shares in French speciality chemicals company Arkema AKE.PA rise around 3% after its third-quarter adjusted core profit beat recently lowered consensus estimates

** Peer Solvay SOLB.BR rises 3.2%, while Syensqo SYENS.BR is up 0.7% at 0929 GMT

** "Arkema's results today and Solvay and Syensqo's results yesterday were not particularly good but better than feared," says Bernstein analyst James Hooper

** The analyst adds that investor sentiment across the European industrial chemicals space has been very negative for quite some time

** "So investors are tentatively resuming buying these stocks, or perhaps covering their shorts," Hooper says

** Arkema Q3 adjusted EBITDA was 1% above consensus estimates, "which had been cut materially going into the print," says J.P. Morgan

** JPM notes that while the company lowered its full-year guidance, this was "expected" and the new forecast is broadly in line with market consensus

 (Reporting by Dimitri Rhodes)

 ((Dimitri.rhodes@thomsonreuters.com))