Solvay : Solid 3Q21, guidance maintained on anticipated 4Q21 headwinds
>3Q21 recap: strong across the board - Solvay reported a solid set of 3Q21 results with a 5% EBITDA beat. Across all three divisions, sales came in strong with a sales beat in the range of 6-8%. The EBITDA beat was mainly fuelled by the Materials division, where EBITDA came in 17% above Vara consensus. Solvay maintained its FY21 underlying EBITDA guidance range of €2.2-2.3bn (cons: €2.27bn) on the back of high energy prices foreseen to persist in 4Q21 and again increa...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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