Solvay: underlying EPS down 6.7%

(CercleFinance.com) - Solvay has posted H1 2019 underlying EPS of continuing operations of 4.
30 euros, down 6.7%, with an underlying EBITDA margin of 23%, for net sales growth of 2.6% to 5,225 million euros.

Positive net prices partly offset the fall in volumes and the increase in fixed costs relating to the unfavourable macro-economic environment, the Belgian chemist said, for which free cash flow to shareholders has become positive once again at 33 million euros.

Solvay confirms its annual outlook for a flat-to-slightly negative change in 2019 EBITDA at constant consolidation scope and exchange rates and free cash flow to shareholders from continuing operations of around 490 million euros.


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