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Solvay reports 2% rise in sales, adjusted Ebit jumps 56%, confirms full-year outlook

6:07 AM MDT | July 31, 2014 | Michael Ravenscroft

Solvay today reported net sales for second-quarter 2014 of €2.64 billion ($3.54 billion), an increase of 2% year-on-year (YOY). Operating profit (adjusted Ebit) was €291 million, up 56% YOY. Adjusted net income was (€331 million), compared with €163 million in the year-ago period. Basic earnings per share was (€3.50), compared with €1.79 in second-quarter 2013. Total free cash flow was €89 million, compared with €64 million, or 40% YOY. Separately, Solvay yesterday signed a binding agreement to sell its EcoServices sulfuric...

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