Adjusted EBIT plunges 61% at Solvay Group in Q4

26 Feb '14

3 min read

Portfolio upgrade continuing

• Successful integrationof Chemlogics and strong start to synergies delivery

• Progress with Chlorvinyls divestments in Indupa and Benvic's PVC compounds as well as the establishment of the European JV with Ineos

• Strategic options for Eco-Services being explored

In 2013, Solvay made headway in creating a higher growth, less cyclical and more valuable company, while keeping a healthy balance sheet and generating solid free cash flows. The numerous excellence programs, ranging from manufacturing to innovation and marketing and sales, have started to bear fruit. In 2014, the Group will continue its transformation with a specific focus on the completion of initiated projects.

Outlook

So far into the year some of Solvay's end markets have shown early signs of improvement and the Group is well-placed to benefit from better macroeconomic conditions. Although Solvay remains cautious, it is confident that 2014 will show REBITDA growth supported by the delivery of excellence programs.

Solvay

More Solvay News... More Textiles News - Belgium...