Q3 2020 Arkema SA Earnings Call Transcript
Ladies and gentlemen, welcome to the Arkema Results Conference Call. I will now hand over to Marie-José Donsion, CFO. Madam, please go ahead.
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Thank you very much. Good morning, everyone, and welcome to Arkema's Quarter 3 2020 Results Conference Call. I'm here together with the Investor Relations team. And as usual, in addition to the press release we have posted on our website the slides which detail the third quarter performance.
So before going through the financials in a little more detail, let me highlight the key points of the third quarter. So first of all, I said the third quarter results are solid in view of the context and showed a significant improvement relative to the second quarter. Overall, organic sales in Q3 declined by 8.9%, slightly better than the guidance of 10% organic sales decline that we provided in late July. In spite of a negative ForEx and scope effect, the quarter 3 EBITDA, a decline of 20% is also moderated versus the second quarter. Another
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