|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||111.00 - 111.00|
|52 Week Range||74.14 - 117.75|
|Beta (5Y Monthly)||1.32|
|PE Ratio (TTM)||5.95|
|Forward Dividend & Yield||4.39 (3.95%)|
|Ex-Dividend Date||May 15, 2023|
|1y Target Est||N/A|
Participation notification by Blackrock Inc. Brussels, 25 May 2023, 08:30 CET - According to Belgian transparency legislation (Law of May 2, 2007), BlackRock Inc. (55 East 52nd Street, New York, NY, 10055, U.S.A.) recently sent to Solvay the following transparency notification indicating that it crossed the threshold of 5%. Here is a summary of the move: Date on which the threshold was crossed Voting rights after the transaction Equivalent financial instruments after the transaction Total May 17
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.
May 4, 2023 at 7 a.m. CET Solvay first quarter 2023 resultsStrong pricing drives +22% organic EBITDA growth in the quarterUpgraded full year EBITDA and FCF outlook Highlights Net sales in the first quarter of 2023 grew +2.0% organically to €3.2 billion versus Q1 2022 driven by higher prices (+14%), overcoming lower volumes (-12%) due to softer demand across several end markets including batteries for auto, construction, and consumer-driven industries. Pricing measures of €421 million more than o
Solvay to hold 2023 Annual General Meeting Brussels, April 7, 2023 - 5.45 pm CEST Solvay today announced that it has published materials for its next Ordinary General Shareholders’ Meeting, which will be held on Tuesday May 9, 2023 at the Square Brussels Meeting Center, Mont des Arts B-1000 Brussels, at 10.30 am CEST. All documents relating to this meeting are now available on www.solvay.com. Shareholders will be asked to vote on a number of resolutions, among others the approval of the financia
Press release Solvay announces strategic collaboration with Ginkgo Bioworks and expands its R&I footprint in the United States The investment will accelerate the development of new sustainable biopolymers, strengthening Solvay’s position in biotechnology in this important growth platform. Brussels, Belgium and Boston, MA, U.S. - April 4, 2023 Solvay, a leading science and materials company whose technologies bring benefits to many aspects of daily life, today announced a strategic collaboration
Solvay to sell its stake in RusVinyl Brussels, March 3, 2023 - 17:45 CET Solvay announced that it has agreed on final terms to sell its 50% stake in the RusVinyl joint venture to its joint venture partner Sibur. Upon completion, the divestment will represent another important milestone in the transformation of Solvay’s portfolio, and will mark the final step in the Company’s strategy to exit its cyclical global polyvinyl chloride (PVC) operations. The agreement is based on a purchase price for S
Solvay highlights innovation and growth opportunities in Aerospace & Defense market The Group held a webinar focused on activities in its Composite Materials division Brussels, March 1, 2023 - 08:45 CET Solvay held a webinar for the investment community on its activities serving the Aerospace & Defense sector – which will become part of the future SpecialtyCo. Today, this sector is addressed mainly by the Composite Materials business, which is currently included in the Materials business segment
Solvay showcases the leading positions and growth prospects of its Soda Ash business The Group held a webinar focused on its Soda Ash & Derivatives activities, to be a part of the future EssentialCo Brussels, February 28, 2023 - 08:45 CET Solvay held a webinar for the investment community on its Soda Ash & Derivatives activities that will be part of the future EssentialCo. This webinar marked a continuation of Solvay’s series that began in December 2021 with an One Planet roadmap update, followe
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.
February 23, 2023 at 7 a.m. CET Solvay fourth quarter and full-year 2022 resultsRecord 2022 Sales, EBITDA, Cash and ROCE driven by higher prices and sustained demand Highlights Net sales for the full year 2022 were up +25.6% organically to €13.4 billion versus 2021, with 24.4% driven by pricing and 1.2% driven by volume growth, particularly in Materials. In the fourth quarter, net sales increased +15.2% organically versus Q4 2021 with pricing up +21.1% and volumes down -5.9%, as sustained volume
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.
Solvay reports limited share buyback in the context of it Employee Share Purchase Plan Brussels - January 25, 2023 - 8.30 a.m. CET In accordance with article 8:4 of the Royal Decree of April 29, 2019 implementing the Belgian Code on Companies and Associations, Solvay SA/NV (“Solvay” or the “Company”) (Euronext Brussels: SOLB) hereby discloses that today the Company acquired 1,900 shares of the Company on Euronext Brussels, for the purpose of meeting any potential delivery obligations of Solvay s
Solvay 2023 Financial Calendar Brussels, December 20, 2022, 08:30 CET - Solvay today publishes its 2023 financial calendar and invites the financial community to mark their calendar accordingly. Event Date Full year 2022 earnings February 23, 2023 First quarter 2023 earnings May 4, 2023 Ordinary General Shareholders’ Meeting May 9, 2023 First half year 2023 earnings August 3, 2023 First nine months 2023 earnings November 3, 2023 Quiet period dates will be provided prior to each earnings’ season.
Brussels, November 22, 2022 - before market opening - Solvay has delivered a notice of early redemption in full to holders of Cytec’s US dollar 3.50% senior notes due 2023 guaranteed by Solvay with ISIN / CUSIP US23282AJ97 / 232820AJ9 in an outstanding principal amount of USD 196,086,000. The redemption will be implemented in accordance with the terms and conditions of the bonds. The redemption date will be January 1, 2023. The redemption price is 100% of the principal amount of the notes to be
Solvay to expand capacity and reduce GHG emissions at its Wyoming Soda Ash plant The Group is resuming a 600kT soda ash capacity expansion while implementing a new innovative technology to cut greenhouse gas emissions in Green River, WY, USA. Brussels, November 9, 2022 - 8:00 CET Solvay announces plans to resume the construction1 of its 600 kT soda ash capacity expansion in Green River, WY, USA, extending its position as a global leader. Production is expected to start at the end of 2024 in time
Belgian chemicals company Solvay on Thursday raised its full-year free cash flow guidance on better-than-expected earnings, and announced a joint venture with Mexico's Orbia to produce battery materials in the United States. The group, whose products include base chemicals such as soda ash and speciality polymers used in batteries, now sees full-year free cash flow at around 1 billion euros ($987 million), against a previous forecast of 750 million. Solvay separately announced with Orbia a framework agreement for a joint venture, consisting of an investment of around $850 million, of which the U.S Department of Energy will contribute $178 million in a grant.
Solvay and Orbia join forces to create a Joint Venture in North America to supply critical materials to the battery market Joint venture will create the largest PVDF production facility for battery materials in the region. The total investment is estimated around 850 million USD, partially funded by a grant to Solvay from the U.S. Department of Energy for a total of 178 million USD. Brussels and Boston - November 3, 2022 - 7 a.m. CET Solvay and Orbia today announced their entry into a joint vent
November 3, 2022 at 7 a.m. CET Solvay third quarter and nine months 2022 resultsRecord Q3 Sales and EBITDA driven by higher prices and sustained demand Highlights Record Net Sales in the third quarter of 2022 were up +29.5% organically versus Q3 2021, driven by higher prices, while overall volumes were essentially flat versus the prior year. All regions delivered double-digit organic growth in the quarter. Nine month 2022 sales were also up +29.5% organically thanks to pricing and volume growth
Press release Solvay expects record third quarter results and raises full year guidance Third quarter underlying EBITDA is expected to be around €900 million. Brussels – October 24, 2022 Based on unaudited preliminary figures, Solvay announces that it expects its third quarter 2022 to reach new sales and EBITDA records. The company expects net sales to be approximately €3.6 billion and underlying EBITDA to be around €900 million, significantly higher than previous estimates. The performance in t
Solvay secures 100% ownership of Rare Earths joint venture in Japan Brussels, October 10th, 2022 Solvay announced it has taken full ownership of its joint venture stake Solvay Special Chem Japan (SSCJ) by acquiring 33% of the minority shares from Santoku Corporation. As the sole owner of this operation located in Anan, Japan, Solvay has advanced its capabilities in the production of Rare Earth specialities used for emissions control in automotive, semiconductor processing, and other emerging tec
AMSTERDAM (Reuters) -Belgian chemicals group Solvay said it plans to cut industrial waste discharged into the sea from soda-ash production on a Tuscan beach, in the wake of pressure from environmentalists and activist Bluebell Capital Partners.Solvay, which had previously pushed back on concerns the waste may be harmful, now plans to invest around 15 million euros ($14.96 million) to reduce the release of limestone residue into the sea at its facility in Rosignano, Italy, the company said in a statement on Tuesday. Solvay currently dumps 250,000 tons a year into the Mediterranean, a practice that has transformed the coastline, a stretch that has been dubbed the White Beaches, or Spiagge Bianche.
Brussels, August 5, 2022 - before market opening -- Solvay has decided to exercise its residual maturity call option on the 2022 €-senior bonds 1.625%, ISIN BE6282459609 (outstanding of €377.5 million out of the initial amount of €750 million) as soon as possible. Such exercise will be implemented in accordance with the terms and conditions of the related prospectus (see the notice). Karim Hajjar, CFO of Solvay, commented: “This early redemption, on the back of yet another record set of results,
July 28, 2022 at 7 a.m. CEST Solvay 2022 first half results Solvay raises full year guidance following strong performance driven by higher volumes and prices Highlights Net sales in the second quarter of 2022 were up +32.6% organically versus Q2 2021 driven by +26% in price actions (€690 million) and +6% from volumes (€164 million). Growth was driven by strong demand across all key markets, including automotive, aerospace, consumer, and electronics industries. Sales were up considerably in the M
Solvay to deliver record Q2 2022 results well ahead of expectations Company intends to raise full year 2022 guidance when it publishes its second quarter results. Brussels, July 18, 2022 - 7:30am CET Based on unaudited preliminary figures, Solvay announces that it expects to report net sales of around €3.4 to 3.5 billion and underlying EBITDA of €855 to €865 million for the second quarter of 2022. The performance in the quarter was driven by both volume and pricing, helping to overcome variable
The Group held a webinar focused on consumer-facing markets Brussels, June 16, 2022 Solvay held a webinar for the investment community on the Consumer businesses that will be part of the future SpecialtyCo. Today, this sector is represented mainly by Novecare and Aroma Performance businesses, which are currently included in the Solutions business segment. This webinar marked a continuation of Solvay’s series that began in December 2021 with an ESG update, followed by the materials supplied to th