... giving 2019 quite a nice ending. Solvay was in the position to defend its profitability, also on a real-world level. The broad product portfolio helped this as Advanced Materials and Advanced Formulations saw lower earnings. Performance Chemicals was helped by the Soda & Ash business. We has expected a slightly lower (less positive) impact from the division and the contribution from joint ventures was higher. In the company’s underlying world, consensus was met.
26 Feb 2020
Some sustained profitability in Q4...
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Some sustained profitability in Q4...
Solvay SA (SOLB:WBO) | 0 0 0.5% | Mkt Cap: 11,953m
- Published:
26 Feb 2020 -
Author:
Martin Schnee -
Pages:
3
... giving 2019 quite a nice ending. Solvay was in the position to defend its profitability, also on a real-world level. The broad product portfolio helped this as Advanced Materials and Advanced Formulations saw lower earnings. Performance Chemicals was helped by the Soda & Ash business. We has expected a slightly lower (less positive) impact from the division and the contribution from joint ventures was higher. In the company’s underlying world, consensus was met.