Report
Stefano Toffano

Solvay : Model update

>Facing near term headwinds (as expected) - Solvay remains in an uncertain environment with the challenging volume environment of Q4 23 feeding into Q1 24. Current demand levels are expected to continue over the next few months, leading to an expectation of H1 24 trading activity at roughly the same level as H2 23. Solvay is seeing some positive signals since the beginning of the year, such as slightly higher volumes given restocking effects, but remains cautious. Als...
Underlying
Solvay 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).

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Stefano Toffano

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