Solvay reported better than expected profitability in Q1, beating the street’s estimates at the top-line (+4%) and the underlying profitability level (+13%). This was also true for our sales expectations as well as for our ‘hard EBITDA’. Having reshuffled the operating segments into more “modern” divisions (Materials, Chemicals, Solutions), which might be helpful to understand the effects of market developments better, this only works if transparency is unchanged
10 May 2020
Some unexpected resilience
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Some unexpected resilience
Solvay SA (SOLB:WBO) | 0 0 0.5% | Mkt Cap: 11,953m
- Published:
10 May 2020 -
Author:
Martin Schnee -
Pages:
3
Solvay reported better than expected profitability in Q1, beating the street’s estimates at the top-line (+4%) and the underlying profitability level (+13%). This was also true for our sales expectations as well as for our ‘hard EBITDA’. Having reshuffled the operating segments into more “modern” divisions (Materials, Chemicals, Solutions), which might be helpful to understand the effects of market developments better, this only works if transparency is unchanged