Home / Knowledge / News / Textiles / Solvay Group Q1 REBITDA up 11% to €467m
Solvay Group Q1 REBITDA up 11% to €467m
May '14
Solvay Group announces first quarter results for 2014. 
Q1 highlights
-Group net sales at € 2,552 m, up 1% yoy, with volumes 3%, prices (1)%, forex (4)% and scope 4%.
-REBITDA at € 467 m, up 11% yoy driven by volume growth (organic and external) and strong delivery on excellence measures, and despite unfavorable foreign exchange rates and one-offs. REBITDA margin widens to 18.3% of net sales, up 150 basis points yoy.
-Advanced Formulations at € 102 m, down (9)% yoy, as Chemlogics' strong contribution was insufficient to offset one-off impacts from industrial issues and extreme weather conditions, and adverse forex; 
-Advanced Materials at record € 175 m, up 13% yoy, underpinned by strong innovation-driven volume growth and operational efficiency;
-Performance Chemicals at € 188 m, up 14% yoy, thanks to good pricing power and benefits from breakthrough excellence programs;  -Functional Polymers at € 40 m, up 19% yoy, supported by high manufacturing yields, broad excellence initiatives and pricing; 
-Corporate and Business Services at € (39) m. Net costs down 16% yoy. CER sales phase-out in 2013 was mitigated by tight cost control and favorable currency impacts on costs.
-Adjusted EBIT at € 260 m, up 14% yoy;
-Adjusted Net Income, Group share at € 107 m (€ 86 m in 2013); 
-Adjusted EPS at € 1.28  (€ 1.03 in 2013);
-Free Cash Flow at € (97) m; net debt increased by € 318 m to € 1,459 m from YE'13;
-Improving balance sheet efficiency: gross debt repayment of € 1.3 bn equivalent to take place by May
Quote of the CEO
Solvay made a good start to the year thanks to improved demand and benefits from our excellence initiatives. The demand recovery was reflected in higher volumes in most of our businesses, while Chemlogics showed double-digit operational earnings growth.  Results from Group-wide excellence initiatives helped to overcome headwinds from currency swings and one-off effects.
As a result, Solvay delivered solid earnings growth and margin expansion in the first quarter. Throughout the year, the Group will continue its profound transformation, focused on completing the various portfolio projects it initiated and on further rolling out its excellence measures to create a higher growth, less cyclical and more valuable company.  
The encouraging first quarter underpins our confidence that 2014 will show good operating performance. The Group expects high single-digit REBITDA growth at current perimeter and foreign exchange rates, and compared to the 2013 level as restated.

Solvay Group

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search