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(RTTNews) – Solvay reported first-quarter profit from continuing operations of 109 million euros, compared with a loss of 54 million euros in the same period last year. Earnings per share from continuing operations were €1.01, with a loss of €0.53. Underlying net income from continuing operations amounted to 119 million euros compared to 187 million euros for him. Underlying earnings per share from continuing operations went from €1.76 to €1.10. Underlying EBITDA was EUR 265 million, down 27.2% and down 13.6% in underlying terms.
Net sales were 1.17 billion euros, down 14.0% year-on-year. Underlying net sales were €1.2 billion, down 11.3% year-on-year, or down 11.9% organically. Volume increased by 2.5%.
Solvay has confirmed its outlook for underlying EBITDA to decline by 10% to 20% for the full year 2024 and for free cash flow to Solvay shareholders to exceed EUR 260 million.
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“RTTNews) – Solvay reported profit from continuing operations of 109 million euros in the first quarter, compared to a loss of 54 million euros in the same period last year. Earnings per share from continuing operations… “
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Source link: https://www.nasdaq.com/articles/solvay-reports-profit-from-cont.-ops.-in-q1-confirms-2024-outlook
