Organically Solvay continued to face a difficult terrain but variable costs' management helped profitability. Driven by favourable FX rates (+9%), Solvay’s Q2 sales were up +4% to €2,675m, but the gross profit margin improved from 25.5% to 27.0%. REBITDA increased +8% to €500m and net profit attributable to shareholders swung from €-292m to €143m due to the lack of the impairments on the discontinued European Chlorovinyls business. Q2's operating CF rose +40% to &eur
29 Jul 2015
Thanks to favourable FX rates
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Thanks to favourable FX rates
Solvay SA (SOLB:WBO) | 0 0 0.5% | Mkt Cap: 11,953m
- Published:
29 Jul 2015 -
Author:
Martin Schnee -
Pages:
3
Organically Solvay continued to face a difficult terrain but variable costs' management helped profitability. Driven by favourable FX rates (+9%), Solvay’s Q2 sales were up +4% to €2,675m, but the gross profit margin improved from 25.5% to 27.0%. REBITDA increased +8% to €500m and net profit attributable to shareholders swung from €-292m to €143m due to the lack of the impairments on the discontinued European Chlorovinyls business. Q2's operating CF rose +40% to &eur