Solvay first quarter 2022 results

Solvay first quarter 2022 results26% sales growth driven by strong pricing leads to record EBITDA Highlights Net Salesin the first quarter of 2022 were over €3 billion, a new quarterly record, up +26.1% organically versus Q1 2021, with double-digit sales growth in every business and all regions driven by successfulprice actions(+20% or €475 million) andvolume growth(+6% or €157 million). Structuralcost savingsof €22 million were achieved in Q1 2022, totaling...

May 4, 04/05/2022 (informazione.it - comunicati stampa - industria)

Solvay first quarter 2022 results

26% sales growth driven by strong pricing leads to record EBITDA

Highlights

Ilham Kadri , CEO
“ I am pleased to report another set of record results, with strong performance across every business segment. The critical and differentiated solutions that we provide to our customers enabled us to increase prices and more than compensate for the sharp cos t increases in raw materials and energy. This performance, together with our continued focus and cash discipline, contributed to a solid Free Cash Flow generation. This enables us to invest in innovation and capacity expansions, to support our customers gl obally and accelerate topline growth across the midterm. I'm also proud of our returns, which improved significantly versus one year ago thanks to our cost and portfolio actions.”

2022 Outlook Increased

Full year underlying EBITDA is now estimated to grow by mid to high single-digits, and Free Cash Flow to shareholders is estimated to exceed €650 million.

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