Solvay says that its net sales were up 2.6% for the first half of 2019. Underlying EBITDA was €624 million, a decrease of 5.2%, for Q2, while H1 reported €1,195 million, a decrease of 3.1% compared to the previous year.
‘Solvay’s results in the second quarter met our expectations,’ said Solvay CEO Ilham Kadri. ‘Growth in aerospace, mining, agro and aroma performance was offset by the headwinds in automotive, electronics and oil amd gas. Against this backdrop, we focused on actions within our control — cash, costs and pricing. We are progressing on our comprehensive strategy review, with a clear objective of unleashing and accelerating value creation.’
This story uses material from Solvay, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.