Solvay's shares fall after Berenberg cuts to 'sell'

Solvay SA

28/10/2025 09:00

**  Belgian chemicals firm Solvay SOLB.BR shares fall 5.5% after Berenberg downgrades to "sell" from "hold", citing growing concerns over Chinese soda ash exports and soft demand

** The brokerage points to import-export data indicating an increasing market role for large-scale Chinese soda ash projects, which could weigh on global prices

** "Old Chinese export habits die hard," the broker says, adding this trend could pressure Solvay's shares after their outperformance against peers since early 2024

** Berenberg believes consensus earnings per share downgrades may continue, noting its own 2026 and 2027 EBITDA forecasts are 10% below the market average

** Including today's fall the stock has dropped by 13.7% YTD

** Out of 17 analysts that cover Solvay SA, seven rate the stock "strong buy" or "buy,"​five rate "hold" andfive​ rate the stock "strong sell" or "sell" - LSEG data

(Reporting by Hugo Lhomedet)

((hugo.lhomedet@thomsonreuters.com))