in this issue
Regions :: Western Europe
Solvay reports 13% fall in third-quarter profits, lower sales
October 25, 2013 | Michael Ravenscroft
Solvay has reported a 13% fall in recurring Ebitda (Rebitda) to €439 million for the third quarter, compared with a Rebitda of €502 million ($692 million) for the year-ago quarter. The company says that excluding 'exceptional guar and effects,' Rebitda rose 2%. Net sales fell 8%, to €2.46 billion, versus €2.67 billion a year ago. Volumes were stable, but sales were negatively affected 4% by prices and 5% by foreign exchange effects, Solvay says. Net income (adjusted, group share) was €118 million. Gross interim dividend was...
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