Solvay SA

SOLB

Equity

ISIN BE0003470755 / Valor 446673

Euronext - Euronext Brussels (2025-11-21)

EUR 27.52+0.22%

Solvay SA
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About company

Solvay SA is a prominent global chemical company, established in 1863, known for its innovative contributions to the chemical industry, particularly in the development of the soda ash process. With a workforce of over 9,000 employees, Solvay operates across various sectors, providing essential chemical solutions that address critical global needs. The company is involved in producing materials and chemicals that enhance air and water quality, improve food preservation, and contribute to health and well-being. Solvay also focuses on developing eco-friendly products, such as sustainable clothing materials and more efficient automotive tires. In 2023, Solvay reported net sales of €4.9 billion and is publicly traded on Euronext Brussels and Paris under the ticker SOLB. The company is committed to leveraging its expertise in chemistry to drive innovation and sustainability in its operations and product offerings.

Summarized from source with an LLMView SourceSector: Industrials

Net Sales Decline

Underlying net sales in Q2 2025 were €1,102 million, down 3.8% organically compared to Q2 2024. The decline was driven by a soft market environment influenced by ongoing tariff and geopolitical tensions, leading to reduced short-term demand, particularly in certain soda ash and Coatis end-markets.

EBITDA Decrease

Underlying EBITDA for Q2 2025 decreased to €230 million, a 12.4% organic decline compared to €272 million in Q2 2024. This quarter's EBITDA was impacted by a one-off gain of approximately €20 million from the termination of a customer’s contract in the Special Chem business unit and a negative forex impact of €10 million. Despite the decrease, the underlying EBITDA margin remained solid at 20.9%.

Cost Savings Initiatives

Structural cost savings initiatives delivered €29 million in Q2 2025, contributing to cumulative savings of €55 million for 2025 and €165 million since the beginning of 2024.

Underlying Net Profit

Underlying net profit from continuing operations was €99 million in Q2 2025, compared to €116 million in Q2 2024.

Free Cash Flow

Free Cash Flow amounted to €54 million in Q2 2025, bringing the first half free cash flow to €97 million.

Underlying Net Debt

Underlying Net Debt stood at €1.9 billion, implying a leverage ratio of 1.9x.

2025 Outlook

Solvay updated its 2025 outlook, expecting underlying EBITDA between €880 million and €930 million and confirming Free Cash Flow from continuing operations to be around €300 million, with Capex capped at €300 million. The company anticipates continued challenging market conditions and maintains a strong focus on cash generation and disciplined investments.

Summarized from source with an LLMView Source

Key figures

-11.0%1Y

39.9%3Y

53.5%5Y

Performance

29.0%1Y

30.3%3Y

29.6%5Y

Volatility