Press release published on
Solvay publishes unaudited underlying Sales and EBITDA for the four quarters of 2023, before and after the restatements announced in the
Summary table with Underlying EBITDA and
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
About Solvay
Solvay, a pioneering chemical company with a legacy rooted in founder
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.
Attachment
- Press release in pdf
© OMX, source