Solvay's 1Q2011 Results
Excellent operating result (EUR 197 million):
+79% compared to the first quarter of 2010
+37% compared to the fourth quarter of 2010
- Group sales (EUR 1,670 million) improved by 23% compared to the first quarter of 2010, resulting from an increase in volumes (+10%) and sales price (+12%) in Group activities
- Group operating result (EUR 197 million) balanced between the two Sectors:
- Chemicals (EUR 101 million): record result (+55% compared to the first quarter of 2010); the increase in sales prices and volumes compensated for higher energy costs
- Plastics (EUR 116 million): +108% compared to the first quarter of 2010, primarily thanks to an increase in sales volumes in both Specialty Polymers and Vinyls
- Net result from continuing operations (EUR 98 million) improved compared to the first quarter of 2010 (EUR 12 million)
- New organizational structure (Horizon) in place since April 1, 2011
- Agreement announced on April 4 for launch of a friendly cash offer for Rhodia; closing expected in August 2011
Please find enclosed
- the press release announcing the Solvay's 1Q2011 results.
Press release, summary and slides are available on
www.solvay-investors.com
