Solvay Sets €3-Billion Ebitda Target Post Rhodia Acquisition

Solvay today outlined profitability targets for 2016 as part of the group’s transformation following the acquisition of Rhodia seven months ago. At the capital markets day in London later today Jean-Pierre Clamadieu who becomes Solvay’s CEO on May 11, 2012 will talk about the group’s ambitions. These include reaching €3 billion ($3.94 billion) in recurring Ebitda (Rebitda) in 2016, new savings targets and giving priority to the group’s most lucrative businesses.   “After an in-depth analysis of our portfolio, we have...

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