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Solvay: sets targets for 2028

( - At its CMD, Solvay has unveiled its new strategy and financial targets through to 2028 for the company, which is focused on essential chemicals, following its demerger planned for next December.

The company is aiming for an average mid-single-digit annual organic growth in underlying EBITDA, with an underlying EBITDA margin of 25% to 30%.

Solvay also forecasts gross savings of E300m p.a., free cash flow conversion ratio in excess of the mid-thirties, along with ROCE rising to the low twenties.

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