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Solvac SA (SOAC.BR)

SOAC.BR on Brussels Stock Exchange

130.95EUR
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Latest Key Developments (Source: Significant Developments)

Solvac 2017 Total Dividend Increases By 4.6 Pct Compared To Year Ago
Wednesday, 13 Dec 2017 12:00pm EST 

Dec 13 (Reuters) - SOLVAC SA ::REG-SOLVAC SA : 2017 TOTAL DIVIDEND INCREASE OF 4.6 %.TO PAY A SECOND INTERIM DIVIDEND.SECOND INTERIM DIVIDEND, PAYABLE ON DECEMBER 28, 2017, AMOUNTS TO EUR 2.14 GROSS PER SHARE..  Full Article

Solvay to sell Charleston plant in the US and associated phosphorus business
Wednesday, 15 Nov 2017 01:00am EST 

Nov 15 (Reuters) - SOLVAY ::REG-SOLVAY TO SELL ITS CHARLESTON PLANT IN THE U.S. AND ASSOCIATED PHOSPHORUS BUSINESS.‍BUSINESS REPRESENTS SALES OF APPROXIMATELY EUR 65 MILLION​.‍COMPLETION OF TRANSACTION IS EXPECTED IN FIRST HALF OF 2018​.SOLVAY - ‍AGREED TO SELL PLANT TO GERMAN SPECIALTY CHEMICALS COMPANY LANXESS​.  Full Article

Solvay underlying EBITDA down at 553 million euros
Wednesday, 8 Nov 2017 01:00am EST 

Nov 8 (Reuters) - SOLVAY ::ON TRACK TO ACHIEVE FULL YEAR 2017 EBITDA AND FREE CASH FLOW OUTLOOK‍​.Q3 UNDERLYING EBITDA EUR ‍​553 MILLION VERSUS EUR 559 MILLION IN REUTERS POLL.INTERIM GROSS DIVIDEND AT €1.38 PER SHARE, PAYABLE ON JANUARY 18, 2018..Q3 NET SALES EUR 2.5‍​ BILLION VERSUS EUR 2.49 BILLION IN REUTERS POLL.Q3 FREE CASH FLOW FROM CONTINUING OPERATIONS OF EUR 195 MILLION ‍​.  Full Article

Solvay acquires large-tow carbon fiber precursor manufacturer‍​
Tuesday, 7 Nov 2017 11:43am EST 

Nov 7 (Reuters) - SOLVAY ::ACQUIRES LARGE-TOW CARBON FIBER PRECURSOR MANUFACTURER‍​.ACQUISITION OF EUROPEAN CARBON FIBER GMBH (“ECF”),.  Full Article

Solvay's AgRho NH4 Protect granted authorization for sale in France
Monday, 9 Oct 2017 02:27pm EDT 

Oct 9 (Reuters) - SOLVAY ::AGRHO NH4 PROTECT, A NITRIFICATION INHIBITOR SOLUTION, HAS BEEN GRANTED AUTHORIZATION FOR SALE IN FRANCE BY ANSES.  Full Article

Solvay restates financial information and updates guidance after polyamide discontinuation
Tuesday, 19 Sep 2017 01:10am EDT 

Sept 19 (Reuters) - SOLVAY ::SOLVAY RESTATES FINANCIAL INFORMATION FOLLOWING DISCONTINUATION OF POLYAMIDE AND UPDATES 2017 GUIDANCE.POLYAMIDE BUSINESS PERFORMED PARTICULARLY STRONGLY THIS YEAR AND ITS DISCONTINUATION REDUCES GROUP'S 2017 EBITDA GROWTH.WEAKENING OF MOST FOREIGN CURRENCIES VERSUS EURO ALSO REDUCES PROFIT REPORTED IN EUROS.BASED ON CURRENT EXCHANGE RATES, SOLVAY ESTIMATES 6% TO 8% UNDERLYING EBITDA GROWTH FOR FULL YEAR 2017.REMAINS ON TRACK TO ACHIEVE PREVIOUS GUIDANCE OF MORE THAN EUR 800 MILLION OF FREE CASH FLOW.RESTATES FINANCIAL INFORMATION FOLLOWING DISCONTINUATION OF POLYAMIDE AND UPDATES 2017 GUIDANCE.H1 RESTATED NET SALES EUR 5.18 BILLION VERSUS EUR 5.99 BILLION PREVIOUSLY ANNOUNCED.H1 RESTATED EBITDA EUR 1.18 BILLION VERSUS EUR 1.32 BILLION PREVIOUSLY ANNOUNCED.  Full Article

Solvay to sell its polyamides business to BASF for 1.6 bilillion euros
Tuesday, 19 Sep 2017 01:00am EDT 

Sept 19 (Reuters) - SOLVAY ::SOLVAY ENTERS INTO A BINDING AGREEMENT TO SELL ITS POLYAMIDES BUSINESS TO BASF, A LANDMARK IN SOLVAY'S TRANSFORMATION.‍BASF AGREES TO ACQUIRE POLYAMIDES FOR EUR 1.6 BILLION​.SOLVAY AND BASF AIM TO CLOSE TRANSACTION IN Q3 OF 2018.‍EXPECTED NET CASH PROCEEDS ARE ESTIMATED TO BE AROUND EUR 1.1 BILLION​.‍NET FINANCIAL POSITION OF GROUP WILL IMPROVE BY ABOUT EUR 1.3BN​.  Full Article

Solvay to launch PEKK resin production in US early next year
Tuesday, 12 Sep 2017 01:36am EDT 

Sept 12 (Reuters) - SOLVAY ::SOLVAY TO LAUNCH PEKK RESIN PRODUCTION TO SUPPORT THE AEROSPACE MARKET WITH THERMOPLASTIC COMPOSITE MATERIALS‍​.TO BEGIN PRODUCING HIGH-PERFORMANCE POLYETHERKETONEKETONE (PEKK) POLYMERS IN THE UNITED STATES EARLY NEXT YEAR.TO COMMENCE PEKK PRODUCTION AT ITS SITE IN AUGUSTA, GEORGIA, AND UNDER THE TRADE NAME NOVASPIRE.  Full Article

Solvac H1 net income up at 190 million euros
Tuesday, 1 Aug 2017 12:00pm EDT 

Aug 1 (Reuters) - SOLVAC SA ::REG-SOLVAC SA : FIRST INTERIM GROSS DIVIDEND 2017 AT € 2.88.H1 CASH INCOME EUR 109.3 MILLION VERSUS EUR 104.5 MILLION YEAR AGO.H1 NET INCOME EUR 190 MILLION VERSUS EUR 60 MILLION YEAR AGO.  Full Article

Solvay Q2 underlying EBITDA rises to 705 million‍​ euros
Tuesday, 1 Aug 2017 01:59am EDT 

Aug 1 (Reuters) - Solvay SA ::FULL YEAR 2017 EBITDA OUTLOOK RAISED TO HIGH SINGLE-DIGIT GROWTH ‍​.Q2 NET SALES TOTALED €3.0 BILLION, UP 11%, WITH 8.1% FROM VOLUME AND MIX, AND 2.8% FROM PRICE‍​.Q2 UNDERLYING EBITDA GREW 18% TO €705 MILLION‍​.Q2 PROFIT ATTRIBUTABLE TO SOLVAY SHARE ON AN IFRS BASIS WAS €378 MILLION. ON AN UNDERLYING BASIS IT WAS €309 MILLION, UP 38% FROM €223 MILLION IN 2016‍​.FOR 2017 EXPECTS TO GENERATE MORE THAN €800 MILLION OF FREE CASH FLOW FROM CONTINUING OPERATIONS.  Full Article