IHS Chemical Week

World News and Views :: Top of the News

Solvay Posts Lower Net Profits Due to Restructuring Costs; Will 'Never Overpay' for Acquisitions

8:58 AM MST | February 18, 2011 | Ian Young

Solvay posted a 92% fall in fourth-quarter 2010 net profits compared with the same period of 2009, to €16 million. The decline reflects a €74-million one-off charge related to a restructuring program that was announced last September and will result in 800 job losses, the company says. Solvay's recurring operating profits from continuing operations increased 75% year on year in the fourth quarter, to €155 million on sales from continuing operations up 14%, to €1.65 billion. Higher operating profits beat analysts' estimates of €120...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa