Solvay’s Q2 figures were characterised by higher volumes and attempts to implement higher sales prices, the latter in order to pass on higher raw material prices. The presentation of the respective effects driving sales and underlying EBITDA lacked accuracy as the addition of the positive performance summed up to +5.5% (sales; reported: +5.9%) and +5.6% (underlying EBITDA; reported: +6.1%) based on H1 data. Despite this irritation, the Q2 figures confirm our view on the company, but had
31 Jul 2018
Margin pressure in the ‘underlying world’
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Margin pressure in the ‘underlying world’
Solvay SA (SOLB:WBO) | 0 0 0.5% | Mkt Cap: 11,953m
- Published:
31 Jul 2018 -
Author:
Martin Schnee -
Pages:
3
Solvay’s Q2 figures were characterised by higher volumes and attempts to implement higher sales prices, the latter in order to pass on higher raw material prices. The presentation of the respective effects driving sales and underlying EBITDA lacked accuracy as the addition of the positive performance summed up to +5.5% (sales; reported: +5.9%) and +5.6% (underlying EBITDA; reported: +6.1%) based on H1 data. Despite this irritation, the Q2 figures confirm our view on the company, but had