Solvay : A resilient performance masked by tough comps
>Und. EBITDA beat mostly driven by cost savings - Another good set of results for Solvay, with Q3 group revenues of € 1,156m (+1% vs ccs) reflecting +3.9% yoy organic growth mainly as a consequence of lower prices (-4.3% yoy), offset by good volume growth (+8.2% yoy) on the back of much improved comps. Q3 24 underlying EBITDA came in again stronger than expected at € 259m (-9.7% yoy, -0.3% organically), with the delta a.o. driven by the exit from the thermal insulatio...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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