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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Solvay shows underlying growth, may sell Eco Services

11:34 AM MST | February 28, 2014 | —Ian Young in Brussels

One-off expenses and other nonrecurring factors weighed on Solvay’s fourth-quarter 2013 earnings, but the company says its underlying performance is improving. And, the financial benefits of Solvay’s ongoing transformation program will be more visible in 2014, the company adds. Clamadieu: Expects earnings growth in 2014. Hajjar: A solid performance in tough conditions. Solvay’s adjusted net income fell 87% year-on-year (YOY) in the fourth quarter, to €25 million ($34 million), on net sales down 5%, to €2.42 billion. Recurring Ebitda...

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