Solvay SA Optimistic as Cost-Savings Drive Results

Solvay SA (GB:0NZR) has released an update.

Solvay SA reports stable second-quarter net sales at €1,194 million, with a sequential increase in EBITDA by 2.6% to €272 million despite a year-on-year organic decrease. The company achieved €46 million in cost savings in the first half of 2024 and is raising its free cash flow outlook to more than €300 million. CEO Philippe Kehren highlighted the company’s consistent performance amidst challenges, attributing success to cost-saving initiatives and a proactive business model transformation.

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