8 May 2015
Belgium – Belgian speciality chemical company Solvay has posted a positive first quarter with a 6-percent rise in sales and a 12-percent growth in earnings in the first quarter of 2015.
In a 6May release, Solvay said that group net sales was €2,646 million, up 6.4 percent compared to the previous year, with volumes rising 1.7 percent in comparison to the same period the year before.
Earnings (EBITDA excluding one-off items) stood at €502 million, up 12 percent from the year before, mainly supported by currency effects which “benefited all business segments”.
“Solvay’s earnings performance in the first quarter reflects foreign exchange tailwinds,” said group CEO Jean-Pierre Clamadieu.
“Recent acquisitions are being integrated successfully while the creation of the planned European PVC joint venture is progressing well,” he added.
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