in this issue
People & Business :: Companies
Solvay's net income up 20%
10:38 AM MDT | May 6, 2014 | Francinia Protti-Alvarez
Solvay reports €121 million ($167.8 million) in adjusted net income for the first quarter, up 20% year-on-year (YOY) and beating the company's previous forecasts, as demand improved and savings measures drove margins higher. Adjusted recurring Ebitda (Rebitda) was about €467 million, up 11% YOY, driven by organic and external volume growth. Adjusted net sales grew 1% YOY, to €2.55 billion. The revenue increase was driven by 3% volume growth and Chemlogics’ 4% contribution but was held back by foreign exchange developments, the company says...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee