Solvay publishes 2023 quarterly information following restatement and new segmentation reporting
15 Aprile 2024 - 6:00PM
Solvay publishes 2023 quarterly information following restatement
and new segmentation reporting
Press
release
published on April 15, 2024, at 6:00 p.m. CEST
Solvay publishes unaudited underlying Sales and
EBITDA for the four quarters of 2023, before and after the
restatements announced in the March 13th 2024 press release:
Summary table with Underlying EBITDA and Net Sales impacts:
in € million |
impact |
Underlying EBITDA |
Underlying net sales |
2023 underlying figures, as published |
|
1,246 |
4,880 |
phase-out thermal insulation business |
scope |
-54 |
-107 |
phase-out third party energy supply activities |
scope |
-41 |
N/A |
Dis-synergies, net of the “Transition Services Agreement”
mark-up |
scope |
-12 |
N/A |
Zhenjiang |
scope |
-8 |
-25 |
Peroxidos do Brasil |
APM |
+23 |
+163 |
2023 underlying figures, new base |
|
1,154 |
4,911 |
This restated consolidated financial information
provides for underlying Sales and EBITDA detailed information for
the four quarters of 2023 for the new reporting segments:
- Basic Chemicals
host chemical intermediate businesses focused on mature and
resilient markets. Solvay is a world leader in soda ash,
bicarbonate, and peroxides. These global businesses share similar
economic characteristics and serve major markets that include
building and construction, consumer goods, and food.
- Performance
Chemicals host a wider range of products (in our Silica,
Coatis and Special Chem businesses) that are subject to
customization based on unique formulations and application
expertise. These businesses share similar economic characteristics
and are also high-quality assets with strong positions in their
markets.
-
Corporate: comprises corporate and other business
services, such as its Global Business services, as well as
Procurement and Energy expertise.
It also reflects the transfer of the “eH2O2”
(electronic-grade hydrogen peroxide) business from GBU Special Chem
to GBU Peroxides (net sales of €109 million, underlying EBITDA of
€34 million in 2023), as if it had happened on January 1st,
2023.
About Solvay
Solvay, a pioneering chemical company with a
legacy rooted in founder Ernest Solvay's pivotal innovations in the
soda ash process, is dedicated to delivering essential solutions
globally through its workforce of over 9,000 employees. Since 1863,
Solvay harnesses the power of chemistry to create innovative,
sustainable solutions that answer the world’s most essential needs
such as purifying the air we breathe and the water we drink,
preserving our food supplies, protecting our health and well-being,
creating eco-friendly clothing, making the tires of our cars more
sustainable and cleaning and protecting our homes. As a
world-leading company with €4.9 billion in net sales in 2023 and
listings on Euronext Brussels and Paris (SOLB), its unwavering
commitment drives the transition to a carbon-neutral future by
2050, underscoring its dedication to sustainability and a fair and
just transition. For more information about Solvay, please visit
solvay.com or follow Solvay on Linkedin.
Safe harbor
This press release may contain forward-looking
information. Forward-looking statements describe expectations,
plans, strategies, goals, future events or intentions. The
achievement of forward-looking statements contained in this press
release is subject to risks and uncertainties relating to a number
of factors, including general economic factors, interest rate and
foreign currency exchange rate fluctuations, changing market
conditions, product competition, the nature of product development,
impact of acquisitions and divestitures, restructurings, products
withdrawals, regulatory approval processes, all-in scenario of
R&I projects and other unusual items. Consequently, actual
results or future events may differ materially from those expressed
or implied by such forward-looking statements. Should known or
unknown risks or uncertainties materialize, or should our
assumptions prove inaccurate, actual results could vary materially
from those anticipated. The Company undertakes no obligation to
publicly update or revise any forward-looking statements.
Grafico Azioni Solvay (EU:SOLB)
Storico
Da Gen 2025 a Feb 2025
Grafico Azioni Solvay (EU:SOLB)
Storico
Da Feb 2024 a Feb 2025