Solvay’s management has already indicated weak first months in Q2 but, since then, some of the businesses have caught up. However, the Q2 figures were a notch weaker than feared by consensus, but slightly above our expectations. Management did not provide a detailed outlook, but shed some light on its FY challenges (cost savings). This does not make us too enthusiastic about the coming quarters.
29 Jul 2020
Accelerated decline
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Accelerated decline
Solvay SA (SOLB:WBO) | 0 0 0.5% | Mkt Cap: 11,953m
- Published:
29 Jul 2020 -
Author:
Martin Schnee -
Pages:
3
Solvay’s management has already indicated weak first months in Q2 but, since then, some of the businesses have caught up. However, the Q2 figures were a notch weaker than feared by consensus, but slightly above our expectations. Management did not provide a detailed outlook, but shed some light on its FY challenges (cost savings). This does not make us too enthusiastic about the coming quarters.