In Q3, Solvay again generated no organic growth, but sales were up +5% to €2,714m. The gross profit margin clearly improved 1.7pp to 26.9%. EBITDA came in slightly weaker (€425m after €430m) and net profit attributable to shareholders declined 10% to €103m despite a lower income tax rate. Operating CF went up +16% to €420m, predominantly driven by the €47m swing in NWC to €18m inflow. Investing CF (€-212m after €-299m) was helped by divestments of
30 Oct 2015
An organic flop: when does this change?
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
An organic flop: when does this change?
Solvay SA (SOLB:WBO) | 0 0 0.5% | Mkt Cap: 11,953m
- Published:
30 Oct 2015 -
Author:
Martin Schnee -
Pages:
3
In Q3, Solvay again generated no organic growth, but sales were up +5% to €2,714m. The gross profit margin clearly improved 1.7pp to 26.9%. EBITDA came in slightly weaker (€425m after €430m) and net profit attributable to shareholders declined 10% to €103m despite a lower income tax rate. Operating CF went up +16% to €420m, predominantly driven by the €47m swing in NWC to €18m inflow. Investing CF (€-212m after €-299m) was helped by divestments of