Solvay Second Quarter 2024 Earnings: EPS: €0.64 (vs €1.89 in 2Q 2023)

Solvay (EBR:SOLB) Second Quarter 2024 Results

Key Financial Results

• Revenue: €1.33b (down 61% from 2Q 2023).
• Net income: €67.0m (down 66% from 2Q 2023).
• Profit margin: 5.0% (down from 5.7% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: €0.64 (down from €1.89 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Solvay Earnings Insights

Looking ahead, revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 3.1% decline forecast for the Chemicals industry in Belgium.

Performance of the Belgian Chemicals industry.

The company's shares are down 5.4% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Solvay that we have uncovered.

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