Solvay’s sales rose +10% (v: +8%; p: 0%; FX: +3%) to €2,968m and gross profit margin increased from 26.4% to 28.8% in Q1. EBITDA was up +23% to €591m and net profit attributable to shareholders came in at €235m after €15m.
Operating CF remained pretty much unchanged (€274m after €249m) despite the stronger operating performance with a lower contribution from D/A, and higher outflows for provisions and tax payments partly flattening the trend. Investing CF fell to zero (€-249m) as expenditure w ....
03 May 2017
Higher volumes vs. higher raw material costs
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Higher volumes vs. higher raw material costs
Solvay SA (SOLB:WBO) | 0 0 0.5% | Mkt Cap: 11,953m
- Published:
03 May 2017 -
Author:
Martin Schnee -
Pages:
3
Solvay’s sales rose +10% (v: +8%; p: 0%; FX: +3%) to €2,968m and gross profit margin increased from 26.4% to 28.8% in Q1. EBITDA was up +23% to €591m and net profit attributable to shareholders came in at €235m after €15m.
Operating CF remained pretty much unchanged (€274m after €249m) despite the stronger operating performance with a lower contribution from D/A, and higher outflows for provisions and tax payments partly flattening the trend. Investing CF fell to zero (€-249m) as expenditure w ....