Solvay: 4.7% fall in 2019 underlying EPS
(CercleFinance.com) - Solvay has reported underlying EPS from continuing operations that is down 4.
7% at 8.02 euros, with underlying EBITDA that is down 0.4% at 2,322 million euros (-2.8% in organic terms).
The Belgian chemist thus maintained its underlying EBITDA margin at 23%, reflecting the resilience of its business portfolio in a difficult market environment, for net sales that are stable at over 10.4 billion euros.
A stable total dividend of 3.75 euros gross per share will be recommended, representing a final gross dividend of 2.25 euros, payable on 20 May. For 2020, Solvay forecasts organic EBITDA that will either be flat or down by up to 3%, with stable ROCE of around 8%.
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