2018 first nine months results: Volume growth sustained

08.November 2018 at 07:00:00 CET
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Underlying EBITDA: 1,725 million -1% (+6% organically [1])
Underlying EPS from continuing operations: 6.91 +11%

Free cash flow from continuing operations: 275 million vs 446 million in 2017
2018 outlook confirmed
CEO Jean-Pierre Clamadieu: Volumes continued to increase throughout the nine-month period, resulting in 6% organic growth of sales and EBITDA. Advanced Formulations generated strong growth, Performance Chemicals proved resilient, and in Advanced Materials, robust growth in the aerospace and automotive markets compensated for the anticipated softness in smart devices toward the end of the period. While attentive to heightened macro-economic volatility, we expect EBITDA growth and free cash flow generation to range within our initial forecast.
[1] Excluding forex conversion and scope effects
[2] As in previous years, the interim dividend corresponds to 40% of the full year dividend of the prior year.
All comparisons are made with the equivalent period of the year before, except where mentioned explicitly otherwise.

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Solvay is an advanced materials and specialty chemicals company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers worldwide in many diverse end markets. Its products are used in planes, cars, batteries, smart and medical devices, as well as in mineral and oil and gas extraction, enhancing efficiency and sustainability. Its lightweighting materials promote cleaner mobility, its formulations optimize the use of resources and its performance chemicals improve air and water quality. Solvay is headquartered in Brussels with around 26,800 employees in 61 countries. Net sales were 10.1 billion in 2017, with 90% from activities where Solvay ranks among the world's top 3 leaders, resulting in an EBITDA margin of 22%. Solvay SA (SOLB.BE) is listed on Euronext Brussels and Paris (Bloomberg: SOLB.BB - Reuters: SOLB.BR) and in the United States its shares (SOLVY) are traded through a level-1 ADR program.  

Financial figures take into account the planned divestment of Polyamides.

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