Solvay drops after it narrows down guidance

Solvay SA

08/05/2025 08:18

** Shares in Solvay SOLB.BR fall around 9% to the bottom of Belgium's blue-chip BEL20 .BFX index after the chemicals group narrowed its 2025 adjusted core profit forecast

** It expects its adjusted EBITDA to reach the lower half of its previous 1.0-1.1 billion euros ($1.13-1.24 billion) range due to unfavourable market conditions and currency exchange rates

** "The company saw weaker demand in March, ..., and it appears that the demand environment thus far in 2Q has remained softer due to the ongoing uncertainty associated with trade tariffs," J.P.Morgan analysts say in a note

** The group also reported a drop in Q1 underlying EBITDA at 250 million euros, in line with Vara consensus

** Up to the previous session's close, shares were up 8.5%​ YTD

($1 = 0.8864 euros)

 (Reporting by Mathias de Rozario in Gdansk; Additional reporting by Dimitri Rhodes;)

 ((mathias.derozario@thomsonreuters.com;))