- Solvay’s Q3 2024 results show €1,156 million net sales (+3.9% organically), stable EBITDA at €259 million, and €74 million free cash flow.
- Despite price drops, volume increases and cost savings of €77 million supported performance. Full-year EBITDA and FCF guidance confirmed, with expectations at the high end of the “-10% to -15%” growth range.
- Solvay’s focus on sustainability includes a new energy project in Green River, US.
Wed Nov 06 07:00:51 -0000 2024 UTC– Solvay’s third-quarter 2024 results show strong financial performance, cost savings acceleration, and confirmed full-year EBITDA and FCF guidance.
Net sales increased organically by 3.9%, EBITDA remained stable, and cost-saving initiatives yielded €77 million.
The CEO highlighted resilience and profitability despite market conditions and announced a successful energy transition project. The company expects trends to continue into Q4 2024, confirming guidance and focusing on operational efficiency.
Solvay aims for the high end of the EBITDA growth range and anticipates Free Cash Flow above €300 million for the year.