Solvay: Q3 adjusted earnings down.

(CercleFinance.com) - Solvay has published underlying net income, group share of 229 million euros for Q3 2017, against 247 million euros in Q3 2016, a fall that was related to the lower contribution from discontinued operations after the disposal of Acetow and Vinythai in H1.


Underlying EBITDA inched up 1% to 553 million euros, meaning a margin of 22%, with net sales that rose 4% to 2,464 million euros; the 9% increase in volumes offset FX factors.

For FY 2017, the Belgian chemicals group confirmed its outlook for growth in underlying EBITDA in a range of 6% to 8% and now expects to generate free cash flow of over 800 million euros.


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