Solvay reported +2% higher sales to €2,767m and the gross profit margin strongly improved from 24.8% to 27.3% in Q4. EBITDA moved strongly from €350m to €534m and net profit attributable to shareholders came in at €245m (€37m). Operating CF improved +17% to €660m, pushed rather by the stronger operating performance than the lower NWC inflow. The previous year’s quarter had been impacted by the payments for the Cytec acquisition (€4.8bn), which pushed i
24 Feb 2017
Nice year end
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Nice year end
Solvay SA (SOLB:WBO) | 0 0 0.5% | Mkt Cap: 11,953m
- Published:
24 Feb 2017 -
Author:
Martin Schnee -
Pages:
3
Solvay reported +2% higher sales to €2,767m and the gross profit margin strongly improved from 24.8% to 27.3% in Q4. EBITDA moved strongly from €350m to €534m and net profit attributable to shareholders came in at €245m (€37m). Operating CF improved +17% to €660m, pushed rather by the stronger operating performance than the lower NWC inflow. The previous year’s quarter had been impacted by the payments for the Cytec acquisition (€4.8bn), which pushed i