Company results: Solvay Q1 profits rise on sales volume increase
Published: Friday, 09 June 2017
Solvay reported a strong start to the year as increased sales volumes were supported by positive currency effects.
chemicals producer Solvay S.A. saw net sales rise 9.7%
year-on-year to €2.97bn owing to a 7.5% jump in
sales volumes across all segments and positive currency
impacted sales by 2.6% due to the stronger dollar against the
excellence measures, favourable exchange rate and higher sales
volumes across each of the company’s operating
segments offset higher fixed costs base and higher raw material
prices, according to Solvay.
results reflect a strong start to the year, with all operating
segments delivering volume growth in the first quarter. We will
continue on the growth path and defined in our mid-term
objectives," Jean-Pierre Clamadieu’s,
Solvay’s CEO, said in the Q1 results statement
released 3 May.
for Q1 2017 was by 33% to €235m on IFRS basis and to
€256m on underlying basis from €192m in Q1 2016
registering an underlying debt decrease to €6.4bn from
€6.6bn at end-December.
This article from the June issue of Industrial Minerals
magazine was first
published online on 3