Solvay's core earnings beat expectations in Q3
06/11/2025 06:00
Nov 6 (Reuters) - Belgium's Solvay SOLB.BR reported third-quarter core earnings above market expectations on Thursday, helped by a sale of surplus CO2 emissions rights as the chemicals group optimised its portfolio amid energy-transition projects and weak European production. The group said its underlying earnings before interest, taxes, depreciation and amortisation were 232 million euros ($271 million) in the quarter, behind last year's number but well ahead of analysts' average forecast of 203 million euros in a Vara consensus. "We continue to work on the transformation of the company, and making sure we deliver on our structural cost savings commitment," CEO Philippe Kehren said in a press release. ($1 = 0.8575 euros) (Reporting by Olivier Cherfan in Gdansk, editing by Milla Nissi-Prussak) ((Dimitri.Rhodes@thomsonreuters.com;))
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