Solvay : Preview 4Q20 results due 24 February
>We forecast EBITDA of EUR 458m, 1% above consensus - Solvay is to report its 4Q20 results on 24 February at 07.00 CET followed by a conference call at 14.30, accessible via /solvayir/#!/solvayir/20210224_1. We forecast EBITDA of EUR 458m, down 13% yoy and 1% ahead of consensus (Vara).We are broadly in line with consensus on an underlying basis - We expect 4Q20 net sales of EUR 2,098m, down 14% yoy (volumes -9%, prices 0%)...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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