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Belgium’s Solvay’s net income surges in Q4

by ChemOrbis Editorial Team -
  • 26/02/2015 (14:53)
Belgium’s Solvay announced their financial results for the fourth quarter of 2014 in a press release on their website on February 26. The company’s adjusted net income surged to €208 million in the fourth quarter of 2014 compared with €25 million reported in the same period of 2013. The significant increase in the company’s income was attributed to ongoing transformation, its upgraded portfolio and operational delivery as well as higher demand for their products.

The company’s net sales were up 8.9% on a yearly basis to reach €2.574 billion in the fourth quarter while REBITDA (recurring earnings before interest, tax, depreciation and amortisation) also reached €414, up 10.5% compared with the same period of 2013.

Solvay’s performance chemicals business rose 6% year over year to €190 million and its functional polymers section was also up 17% on the year to reach €15 million in the last quarter of the previous year with the support of high manufacturing yields and good pricing.
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