14 February 2013 07:32 [Source: ICIS news]
SINGAPORE (ICIS)--Solvay’s fourth-quarter 2012 adjusted net profit jumped by 79% year on year to €203m ($274m), with net sales rising 4%, the Belgian speciality chemicals producer said on Thursday.
Adjusted net sales for the three m1onths to December stood at €2.99bn, with operating profit up 78% to €349m, the company said in a statement.
Fourth-quarter recurring earnings before interest, tax, depreciation and amortisation (REBITDA) were up 22% to €430m, it said.
For the whole of 2012, Solvay’s net profit slipped 2% year on year to €710m, but net sales increased 2% to €12.4bn and REBITDA was up 2% €2.07bn, the company said.
The comparative figures for 2011 are pro-forma figures.
“Solvay is committed to deliver on its €3bn REBITDA ambition in 2016 at constant perimeter and will maintain selective investments to support its growth engines,” it said.
($1 = €0.74)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections