Thanks to FX tailwinds (6%), Solvay reported +4% higher sales at €10,578m in 2015, but the gross profit margin improved 1.0bp to 26.1%. REBITDA went up +10% to €1,955m and net profit attributable to shareholders came in at €406m after €80m. Operating CF declined 14% to €1,388m, facing a swing in NWC from €236m inflow to €-99m outflow. Severely hit by the purchase price for the Cytec acquisition, investing CF went from €-650m to €-6,113m as capex re
25 Feb 2016
Where has all the performance gone?
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Where has all the performance gone?
Solvay SA (SOLB:WBO) | 0 0 0.5% | Mkt Cap: 11,953m
- Published:
25 Feb 2016 -
Author:
Martin Schnee -
Pages:
3
Thanks to FX tailwinds (6%), Solvay reported +4% higher sales at €10,578m in 2015, but the gross profit margin improved 1.0bp to 26.1%. REBITDA went up +10% to €1,955m and net profit attributable to shareholders came in at €406m after €80m. Operating CF declined 14% to €1,388m, facing a swing in NWC from €236m inflow to €-99m outflow. Severely hit by the purchase price for the Cytec acquisition, investing CF went from €-650m to €-6,113m as capex re