Solvay : Transformation accelerating
>4Q20 EBITDA 2% above consensus - On 24 February, Solvay reported 4Q20 results that were slightly ahead of market expectations. EBITDA of EUR 464m was down 12% yoy, but 2% ahead of consensus (Vara). The beat was predominantly driven by Chemicals, which reported EBITDA of EUR 209m, down 10% yoy but 4% ahead of consensus.Chemicals sales recovery ahead of expectations - Materials net sales were down 17% yoy at EUR 620m, 2% above consensus. EBITDA of EUR ...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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