Solvay’s Q3 did not reflect any recovery at the divisional level in its businesses. All divisions recorded double-digit volume declines, especially Materials. This also had a negative impact on profitability, to which adverse FX developments have to be added.
Q3 came in weaker than expected, especially in Materials, but the reported figures were above street expectations.
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No strong recovery in Q3
Solvay’s Q3 did not reflect any recovery at the divisional level in its businesses. All divisions recorded double-digit volume declines, especially Materials. This also had a negative impact on profitability, to which adverse FX developments have to be added.
Q3 came in weaker than expected, especially in Materials, but the reported figures were above street expectations.