Solvay : 2Q21 EBITDA 6% beat; expect 2021 consensus +2-4%
>2Q21 EBITDA 6% ahead of consensus - Solvay reported better than expected 2Q21 results. Net sales of € 2,465m were up 13% yoy and 3% ahead of consensus (Vara). Volume & mix was +18%, while price was +1%. EBITDA of € 602m was up 37% yoy and 6% ahead of consensus. Materials net sales were up 11% yoy organically at € 711m, 1% above consensus. EBITDA of € 220m was up 29% yoy and 8% above consensus, as the EBITDA margin was 210bps above consensus at 30.9%. Chemicals net sa...Solvay is engaged in chemical and plastic businesses worldwide. Co. offers chemical products such as advanced materials, barium strontium, calcium chloride, caustic soda, chlorinated products, fluor, peroxygen products, polyglycerols, precipitated calcium carbonate, soda ash, and sodium bicarbonate. It also provides specialty polymers, such as Spire ultra polymers, Solviva biomaterials, and sulfone polymers. Co. structures its activities around five operating segments: Advanced Formulations, Advanced Materials, Performance Chemicals, Functional Polymers and Corporate & Business Services, each with its own specific business model and each comprised of Global Business Units (GBUs).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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