Solvay 'joins the profit warning party', shares drop

Solvay SA

15/07/2025 08:08

** Shares in Belgian chemicals group Solvay SOLB.BR fall 2.6% to the bottom of France's SBF 120 index .SBF120 after it lowered its FY core profit guidance on weak demand and tariffs

** Solvay expects FY25 EBITDA of 880-930 million euros ($1.03-1.09 billion), down from 1.0-1.1 billion previously

** "Solvay joined the profit warning party," J.P.Morgan says, adding the magnitude of the guidance cut is worse than the market expected

** "The company hadn't specifically talked down trends during post 2Q meetings, as a few other companies had done" -JPM

** Solvay cites a slowdown in the order book, particularly in the Soda Ash unit and the Coatis division, driven by tariffs and geopolitical tensions

($1 = 0.8567 euros)

 (Reporting by Anna Peverieri)

 ((Anna.Peverieri@thomsonreuters.com))