Belgian chemicals group Solvay cuts 2025 core profit forecast

Solvay SA

08/05/2025 06:00

May 8 (Reuters) - Belgian chemicals group Solvay SOLB.BR lowered its 2025 adjusted core profit forecast on Thursday, citing unfavourable market conditions and currency exchange rates.

The group previously guided for adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of between 1.0 billion euros ($1.13 billion) and 1.1 billion euros. It now expects to reach the lower half of that range.

Analysts polled by Vara Research had forecast an EBITDA of 1.04 billion euros for 2025.

"The current macro-environment is uncertain and filled with challenges that were not foreseen at the start of the year," CEO Philippe Kehren said in a statement.

Solvay reported underlying EBITDA of 250 million euros in the first quarter ended March 31, down from 265 million euros a year earlier, but in line with analysts' average forecast of 250 million euros in a Vara consensus.

($1 = 0.8830 euros)

 (Reporting by Dimitri Rhodes; Editing by Rashmi Aich)

 ((Dimitri.Rhodes@thomsonreuters.com;))