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Solvay announces financial results for Q2 and H1

by ChemOrbis Editorial Team - content@chemorbis.com
  • 29/07/2015 (13:28)
Belgium’s Solvay announced their financial results for the second quarter of 2015 as well as for the first half of 2015, according to a press release on their website. The company’s net sales increased 4.2% year over year to €2.7 billion ($3 billion) in the April- June period while IFRS net income Solvay share was at €125 million ($138 million), down from €313 million in the same period of 2014. Solvay’s core profit adjusted for one-off items (REBITDA) also increased 8.1% on the year to €500 million ($553 million) in the second quarter. Among its main business segments, Solvay’s REBITDA in performance chemicals increased 9% year over year to reach €185 million ($204.6 million) while their REBITDA in functional polymers stood at €45 million ($49.8 million), up 23% on the year.

For the first half of 2015, the company’s net sales increased 5.3% on a yearly basis to €5.3 billion ($5.9 billion) while REBITDA reached €1 billion ($1.1 billion), up 10% from a year earlier. IFRS net income Solvay share rose to €265 million ($293 million), up from €225 million ($248.9 million) in the first half of 2014.
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