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Solvay: Q1 recurrent EPS up 10%
(CercleFinance.com) - Solvay has reported Q1 2018 recurrent EPS that is up 10% at two euros, with underlying EBITDA that is down 3% at 533 million euros, meaning a flat EBITDA margin of 21%.
The Belgian Chemical group's sales are down 3% at 2,492 million euros. However, at constant consolidation scope and exchange rates, sales are up 6% due to the higher volumes at its advanced materials and advanced formulations divisions. Solvay has confirmed its FY 2018 target of 5% to 7% organic growth in EBITDA, at a constant consolidation scope and exchange rates, with an improvement in free cash flow from continued businesses relative to 2017. Copyright (c) 2018 CercleFinance.com. All rights reserved. |
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