Solvay: underlying earnings up by one third.

(CercleFinance.com) - Solvay has reported Q1 underlying net attributable profit that is up 33% percent at 256 million euros, with EBITDA that is up 12% to 616 million, thanks to increased volumes in all operational segments.


Measures of operational excellence have almost entirely offset the unfavourable trend in raw materials prices and the rise in fixed costs associated with the group's organic growth, the Belgian chemist explained.

The group's EBITDA margin therefore remained strong at 21%, while net sales reached 2,968 million euros, up 9.7%, boosted by a 7.5% increase of volumes, the product mix and positive FX factors.


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