Solvay SA (SLVYY,SOLB.BR), a French chemical company, Thursday said that its net attributable profit dropped 68.5 percent in the first quarter, impacted by soft volumes across most businesses and pricing difficulties. The company's net sales fell 11 percent, and it also released its outlook for the year ahead.
The company reported first-quarter profit attributable to Solvay share of 26 million euros or 0.24 euros per share, lower than the attributable profit of 81 million euros or 0.77 euros per share in the same period last year.
On an underlying basis, attributable profit came in at 76 million euros or 0.73 euros per share in the three months, compared to 99 million euros or 0.93 euros per share in the previous-year quarter.
According to Solvay, pre-tax profit declined to 42 million euros from 115 million euros a year ago. Underlying pre-tax profit came in at 111 million euros, compared to 141 million euros in the same period of 2025.
Quarterly sales fell 11.2 percent to 964 million euros from 1.09 billion euros in the corresponding quarter last year. On an underlying basis, net sales were down 11.1 percent to 997 million euros from 1.12 billion euros in the prior-year period.
The company's EBITDA for the three months fell 26.0 percent to 169 million euros from 228 million euros a year ago. Underlying EBITDA also declined 12.4 percent to 219 million euros from 250 million euros in the same period last year.
Looking ahead, Solvay expects its underlying EBITDA to be between 770 million euros and 850 million euros in fiscal 2026.
On the Brussels Exchange, SOLB.BR ended Wednesday's trading at 28.86 euros, up 2.3 percent.
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