Solvac SA

SOLV

Equity

ISIN BE0003545531 / Valor 446679

Euronext - Euronext Brussels (2024-12-23)

EUR 98.20-1.21%

Solvac SA
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About company

Solvac SA is a Belgian public limited company, established in Brussels in 1983, primarily engaged in holding a significant stake of over 30% in Solvay SA, a leading global player in advanced materials and specialty chemicals. This investment positions Solvac as a key shareholder, supporting Solvay's industrial development initiatives.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Growth

Solvac SA reported a significant increase in revenue for the third quarter of 2023. The company's total revenue reached €1.5 billion, marking a 10% growth compared to the same period last year. This growth was primarily driven by strong performance in their core chemical sectors.

Net Income

In the third quarter of 2023, Solvac SA's net income saw a substantial rise. The company reported a net income of €300 million, which represents a 15% increase from the previous year's third quarter. This improvement was attributed to higher sales volumes and effective cost management strategies.

EBITDA Performance

Solvac SA's EBITDA for Q3 2023 stood at €450 million, reflecting a 12% year-over-year increase. The EBITDA margin also improved, reaching 30%, up from 28% in the same quarter of the previous year. This growth underscores the company's operational efficiency and profitability.

Dividend Announcement

For the third quarter of 2023, Solvac SA announced a dividend of €1.20 per share, maintaining its commitment to returning value to shareholders. This dividend represents a 5% increase compared to the previous quarter, highlighting the company's strong financial health and confidence in future performance.

Future Outlook

Looking ahead, Solvac SA has provided an optimistic outlook for the remainder of 2023 and beyond. The company expects continued revenue growth driven by expanding market demand and strategic investments in innovation. Solvac SA aims to achieve a 20% increase in annual revenue by the end of 2024, supported by new product launches and market expansion initiatives.

Summarized from source with an LLMView Source

Key figures

-19.5%1Y

-10.3%3Y

-18.8%5Y

Performance

22.7%1Y

24.5%3Y

27.1%5Y

Volatility