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MarketScreener Homepage  >  Equities  >  Euronext Bruxelles  >  Solvay    SOLB   BE0003470755

SOLVAY

(SOLB)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 06/05 03:59:59 pm
78.06 EUR   +2.41%
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Solvay : Withdraws 2020 Guidance, Maintains 2019 Final Dividend

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04/09/2020 | 02:43am EDT

By Olivia Bugault

Solvay SA said Thursday that it is withdrawing its guidance for the year, while maintaining its final dividend for 2019.

"Due to heightened uncertainty and prolonged duration of events, the group is withdrawing its full-year 2020 guidance issued on Feb. 26," Belgian chemical company said.

Solvay said that it is maintaining its total dividend recommendation of 3.75 euros ($4.07) gross per share on the back on of its strong 2019 performance. Solvay has already distributed an interim dividend of EUR1.50 a share in January, meaning that it will lead to a final dividend of EUR2.25 a share payable in May.

The company has also launched a solidarity fund in order to support employees experiencing hardships during the coronavirus pandemic. Its senior management agreed to give 15% of their salaries to the fund for the rest of the year.

"Upon management's recommendation, the board approved and calls on all shareholders to contribute one third of their final dividend-equivalent to EUR0.75 per share-towards that fund," it said.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
SOLVAY 2.31% 77.98 Delayed Quote.-26.21%
THE LEAD CO., INC. -0.77% 386 End-of-day quote.-1.03%
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Financials
Sales 2020 9 264 M 10 466 M 10 466 M
Net income 2020 393 M 444 M 444 M
Net Debt 2020 3 898 M 4 404 M 4 404 M
P/E ratio 2020 21,6x
Yield 2020 4,65%
Capitalization 8 064 M 9 126 M 9 110 M
EV / Sales 2019
EV / Sales 2020 1,29x
Nbr of Employees 24 100
Free-Float 67,0%
Chart SOLVAY
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Technical analysis trends SOLVAY
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 79,51 €
Last Close Price 77,98 €
Spread / Highest target 53,9%
Spread / Average Target 1,96%
Spread / Lowest Target -16,6%
EPS Revisions
Managers
NameTitle
Ilham Kadri Chief Executive Officer & Director
Nicolas Jacques Boël Chairman
Karim Hajjar Chief Financial Officer
Philippe Warny Head-Research, Development & Technology
Jean-Marie Ernest Solvay Non-Independent Director
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