Brief: Solvay Sees Q3 Net Sales At Around EUR 3.6 Bln, Underlying EBITDA Around EUR 900 Mln

Solvac SA

24/10/2022 07:03

Oct 24 (Reuters) - Solvay SA  SOLB.BR :
    * SOLVAY RAISES ITS FULL-YEAR 2022 EBITDA GUIDANCE TO BE
AROUND
28% ORGANIC GROWTH RELATIVE TO FULL-YEAR 2021
    * SOLVAY EXPECTS RECORD THIRD QUARTER RESULTS AND RAISES
FULL YEAR
GUIDANCE
    * EXPECTS Q3 NET SALES TO BE APPROXIMATELY EUR 3.6 BILLION
AND
UNDERLYING EBITDA TO BE AROUND EUR 900 MILLION
    * FREE CASH FLOW IN QUARTER WILL ALSO BE STRONG REFLECTING
COMBINATION OF RECORD RESULTS AND SUSTAINED FOCUS ON CASH
GENERATION
    * IN CONTEXT OF CHALLENGING ECONOMIC CONDITIONS, COMPANY
WILL
FURTHER REINFORCE COST DISCIPLINE SO AS TO PRESERVE RESILIENCE
OF SOLVAY'S BUSINESSES, WHILE CONTINUING TO INVEST IN ITS FUTURE
GROWTH

Source text for Eikon:  ID:nGNEbpS7T5 
Further company coverage:  SOAC.BR 
 (Gdansk Newsroom)
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