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Solvac SA (SOAC.BR)

SOAC.BR on Brussels Stock Exchange

120.35EUR
27 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Solvac FY cash revenue up at 107.3 mln euros
Friday, 24 Feb 2017 12:00pm EST 

Solvac SA : FY net income is 190.0 million euros ($201.1 million) versus 120.6 million euros a year ago .FY cash revenue is 107.3 million euros versus 87.0 million euros a year ago.  Full Article

Solvay Q4 net sales rises to 2.8 bln euros
Friday, 24 Feb 2017 01:00am EST 

Solvay SA : Q4 net sales 2.8 billion euros ($2.96 billion) versus 2.54 billion euros year ago . FY IFRS net income Solvay share 245 million euros versus 112 million euros year ago . Remains well on track to achieve its mid-term objectives . For 2017 expects underlying EBITDA to grow by mid-single digit .For 2017 expects to generate more than 800 million euros of free cash flow from continuing operations.  Full Article

Solvay completes sale of Vinythai stake to AGC Asahi Glass
Thursday, 23 Feb 2017 01:01am EST 

Solvay SA : Reg-Solvay completes the sale of its Vinythai stake to Agc Asahi Glass .Transaction was based on a total enterprise value of 16.5 billion Thai baht ($471.4 million).  Full Article

Solvay says Nexeo Solutions to be channel to market for Rhodoline Defoamer product line in US, Canada and Mexico
Monday, 6 Feb 2017 03:34am EST 

Solvay :Solvay and Nexeo Solutions announce that effective March 1, Nexeo will be channel to market for the Rhodoline defoamer product line in the United States, Canada and Mexico.  Full Article

Solvay and IndustriALL renew global social framework agreement
Friday, 3 Feb 2017 05:29am EST 

Solvay SA : Co and IndustriALL renew their global social framework agreement for five years .With agreement, co reaffirms its respect for international labor organization's social standards and principles of United Nations Global Compact.  Full Article

Solvay creates JV with Marubeni and Ansaldo Energia to invest in co's Rosignano plant
Friday, 20 Jan 2017 09:24am EST 

Solvay : Solvay, Marubeni and Ansaldo Energia co-invest in an energy efficiency project at Solvay’s Rosignano plant .Creation of the joint venture with Marubeni Europe Plc [MARUBE.UL] and Ansaldo Energia to invest in an energy efficiency project at Solvay’s facility in Rosignano, Italy.  Full Article

Solvay cedes its subsidiary Acetow to Blackstone
Wednesday, 14 Dec 2016 05:22am EST 

Solvay :Federation Chimie Energie CFDT says Solvay cedes its subsidiary Acetow to American investment fund Blackstone.  Full Article

Solvay sells its cellulose acetate tow business
Wednesday, 7 Dec 2016 01:00am EST 

Solvay SA : Continues its transformation with the sale of its cellulose acetate tow business . Solvay expects to generate a capital gain of around 150 million euros ($160.77 million)after tax .Completion of transaction is expected in first half of 2017.  Full Article

Solvay Q3 underlying EBITDA rises 6 pct to 664 million euros
Tuesday, 8 Nov 2016 01:43am EST 

Solvay : Q3 net sales totaled 2.9 billion euros ($3.20 billion), down 8 pct . Q3 underlying EBITDA grew 6 pct to 664 million euros . Q3 net income, Solvay share, on an IFRS basis was 176 million euros versus 163 million euros in 2015 . Interim gross dividend of 1.32 euro per share,payable on Jan. 18, 2017 . Full year underlying EBITDA is thereby anticipated to increase by approximately 7 pct to 8 pct, and free cash flow to exceed 700 million euros . Q3 free cash flow was 280 million euros, up 35 million euros YoY .Reuters poll: Q3 net sales 3.12 million euros.  Full Article

Solvay reaffirms 2016 financial guidance and unveils medium-term value objectives
Thursday, 29 Sep 2016 01:09am EDT 

Solvay : Solvay at its capital markets day in London updates its strategic transformation, reaffirms its financial guidance for 2016 and unveils medium-term value objectives . Cytec integration - synergy expectations are increased by 50 pct to 150 million euros ($168.47 million) by 2018 . 2016 to 2018 objectives, at constant scope and foreign exchange rates, include annual mid-to-high single-digit EBITDA growth . 2016 to 2018 objectives, at constant scope and foreign exchange rates, include a cumulative free cash flow generation exceeding 2.4 billion euros .2016 to 2018 objectives, at constant scope and foreign exchange rates, include an increase of cash flow return on investment by 50-100 basis points.  Full Article

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