Brief: Solvay Raises 2023 Outlook

Solvac SA

04/05/2023 06:41

May 4 (Reuters) - Solvay  SOLB.BR :
    * Q1 2023 RESULTS
    * INCREASES ITS FY UNDERLYING EBITDA ORGANIC GROWTH ESTIMATE
FROM
INDICATED GUIDANCE OF BETWEEN -3% AND -9% TO BETWEEN +2% AND -5%
VERSUS 20222
    * OUTLOOK: FREE CASH FLOW ESTIMATE IS ALSO INCREASED FROM
AROUND
EUR 750 MILLION TO AROUND EUR 900 MILLION
    * UNDERLYING NET PROFIT WAS EUR 460 MILLION IN Q1 2023, UP
+24.5%
COMPARED TO Q1 2022

Source text for Eikon:  ID:nGNE4mPTmK 
Further company coverage:  SOLB.BR 

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