Solvay SA (SVYSF)
| Previous Close | 117.11 |
| Open | 117.11 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 117.11 - 117.11 |
| 52 Week Range | 82.78 - 117.75 |
| Volume | |
| Avg. Volume | 15 |
| Market Cap | 12.137B |
| Beta (5Y Monthly) | 1.32 |
| PE Ratio (TTM) | 8.78 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 4.39 (3.75%) |
| Ex-Dividend Date | May 15, 2023 |
| 1y Target Est | N/A |
- Reuters
Chemicals group Solvay raises outlook, shares slip on lower volumes
Belgian chemicals group Solvay reported higher-than-expected first-quarter results on Thursday and lifted its full-year profit and cash outlooks, but lower volumes hit its shares. Solvay said its ongoing lower volumes were offset by higher pricing in all its segments and pointed to some recovery in volumes in the second half of 2023. "We have been favouring pricing against volumes so going forward in the second quarter, volumes are not going to recover much compared to quarter one," CEO Ilham Kadri said.
- Reuters
Solvay sees lower 2023 earnings, but longer-term U.S. boost
Belgian chemicals group Solvay on Thursday forecast lower earnings this year due to weaker demand from chemicals, coatings and consumer markets, sending its shares down more than 3% even as it reported record profits for 2022. Despite the downbeat forecast, the company hailed the huge investments and incentives for a greener future included in the U.S. Inflation Reduction Act as a major long-term opportunity. "Building that infrastructure is a big win and a big opportunity for Solvay and we love it because we are leaders in providing those sustainable solutions," Chief Executive Officer Ilham Kadri told Reuters.
- Reuters
Solvay reports better than expected Q4 results, raises dividend
Belgian chemicals group Solvay reported record profits for 2022 on Thursday, beating a company-provided consensus after a stronger-than-expected fourth quarter mainly driven by higher selling prices. For 2023, Solvay said it sees its underlying earnings before interest, tax, depreciation and amortisation (EBITDA) declining by 3% to 9% from 2022 due to "softer volumes in key markets", including in chemicals, coatings and consumer markets. Solvay Chief Executive Officer Ilham Kadri told Reuters plans to split the business into two public companies remain on track for completion in December 2023.
