Solvay: Stifel remains 'Hold' on the share

(CercleFinance.com) - Stifel maintains its 'hold' rating on Solvay shares, with an unchanged target price of 34 euros.


Solvay says it is targeting EBITDA of between €1,000 and €1,100 million in 2025 (consensus: €1,041 million) with free cash flow forecasts of around €300 million (consensus: €387 million), including a €50 million cash outflow linked to provisions for Dombasle.

Solvay reiterated its target of mid-single-digit annual EBITDA growth by 2028.

'The mid-point of the forecast for 2025 implies stable year-on-year EBITDA, despite an increase in corporate costs and the absence of a new license fee for Peroxide. These forecasts should alleviate market concerns about a further decline in soda ash prices in 2025', says the analyst.

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