Solvay rises on FCF beat, 'increasingly generous' dividend policy

Solvay SA

24/02/2026 08:48

** Shares in Solvay SOLB.BR rise 3.4% after the Belgian chemicals group reported quarterly FCF beat on otherwise in-line results and 2026 guidance

** Solvay reports FY FCF at 350 million euros ($412.51 million), above the company-provided consensus of 285 million euros, while its Q4 underlying EBITDA is in line at 169 million euros

** FCF was "well above expectations due to much better working capital evolution than expected," J.P. Morgan says, adding the guidance is close to what analysts expect

** The Belgian group guides for 2026 underlying EBITDA at EUR 770-850 million and a FCF at least 200 million euros

** KBC Securities also points to the dividend policy looking "increasingly generous", with attractive dividend yield

** Solvay proposes a total gross dividend of 2.43 euros/share, putting the yield at 9%

** The shares are among the top performers on Belgium's BEL 20 .BFX index

($1 = 0.8490 euros)

(Reporting by Olivier Cherfan)

((olivier.cherfan@thomsonreuters.com))