Solvay: 1% increase in underlying quarterly EPS
(CercleFinance.com) - Solvay has published Q1 2019 underlying EPS from continuing operations that is up 1% at 2.
01 euros, with an underlying EBITDA of 571 million euros, up 2.4% as reported, but down 0.6% at a constant consolidation scope and exchange rates.
The Belgian chemicals group explains that positive net prices have offset the decline in volumes in the automotive, electronics and oil and gas sectors, as well as rising fixed costs.
Estimant que "les conditions de marché qui se sont détériorées depuis le mois de février devraient perdurer au second trimestre", Solvay prévoit une croissance de l'EBITDA 2019 à périmètre et change constants "stable à modestement négative".
Believing that the market conditions, which have deteriorated since February, will continue to do so in the second quarter, Solvay expects stable to slightly negative growth in EBITDA 2019 at constant scope and exchange rates.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
01 euros, with an underlying EBITDA of 571 million euros, up 2.4% as reported, but down 0.6% at a constant consolidation scope and exchange rates.
The Belgian chemicals group explains that positive net prices have offset the decline in volumes in the automotive, electronics and oil and gas sectors, as well as rising fixed costs.
Estimant que "les conditions de marché qui se sont détériorées depuis le mois de février devraient perdurer au second trimestre", Solvay prévoit une croissance de l'EBITDA 2019 à périmètre et change constants "stable à modestement négative".
Believing that the market conditions, which have deteriorated since February, will continue to do so in the second quarter, Solvay expects stable to slightly negative growth in EBITDA 2019 at constant scope and exchange rates.
Copyright (c) 2019 CercleFinance.com. All rights reserved.