Solvay falls as Q3 beat is due to one-off gain only

Solvay SA

06/11/2025 08:28

** Shares in Solvay SOLB.BR slip 3.2% after its Q3 core profit beat consensus due to one-off gain only

** The Belgian chemicals group's quarterly EBITDA of 232 million euros ($270.56 million), beats analyst consensus by 14% due to a 40-million-euro one-off gain from optimisation of CO2 emissions rights portfolio

** Excluding the gain, it lands 5% below expectations

** "Whilst future sales of CO2 emission rights are a possibility, this will mainly depend on future soda ash production levels in Europe and the overall competitive pressures within the soda ash market," KBC Securities says

** J.P. Morgan flags the shares have already been under pressure, expecting it to persist on weaker underlying earnings run-rate

** Including Thursday's fall, the stock has dropped by 19.26% YTD

** The stock sits at the bottom of Belgium's blue-chip index BEL 20 .BFX

($1 = 0.8575 euros)

 (Reporting by Olivier Cherfan)

 ((olivier.cherfan@thomsonreuters.com))