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Solvay posts 14% fall in profits, lower sales

7:25 AM MDT | July 31, 2013 | Michael Ravenscroft

Solvay's recurring Ebitda (Rebitda) for the second quarter declined 14%, to €487 million, compared with the corresponding period of 2012. Net sales were down 4%, to €3.06 billion. Ebit was €223 million, less than half the figure of €474 million for the comparable quarter of 2012. Net income fell to €148 million versus €239 million for second-quarter 2012. Earnings per share of €1.79 compares with €2.88 for the year-ago quarter. Rebitda for the consumer chemicals business plunged 40%, to €92 million, compared with...

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