Solvay recently announced its 2017 results and according to the report, Solvay EBITDA increased by 7.5% in 2017. Earnings per share increased by 4.3% to 3.60 euros, of which fourth quarter 2017 net sales totaled 2.5 billion Euro, up 2% from 2016. Meanwhile, 8% of the growth was offset by the foreign exchange effect.
Sales of advanced materials business reached 260 million euros due to the impact of automobiles, aerospace and electronics.
Meanwhile, thanks to the strong growth of shale oil and gas sales, the turnover of high-performance formula reached 138 million euros, up 11% over the same period of previous year.
High-performance chemicals sales of 170 million euros, unchanged from last year.
Net sales for the full year of 2017 were EUR 10.1 billion, an increase of 6% over the same period of 2006. EBITDA increased 7.5% to EUR 2.23 billion.
Sales of advanced materials business reached 1.202 billion euros, an increase of 8% .Consuits and smart devices for high-performance polymer growth has contributed to the growth of the advanced materials industry.
In the meantime, thanks to the recovery of the North American shale oil and gas market, the turnover of high-performance formula reached 524 million euros, up 8% over the same period of previous year.
Solvay expects its EBITDA to grow by 5% to 7% by 2018, while sales of advanced materials will grow under the impact of increased demand from major end markets, including aerospace, automotive, electronics and healthcare Double digits.
Although projected EBITDA growth of 5% to 7%, it is subject to foreign exchange risk at the beginning of 2018. EBITDA will also be affected by approximately EUR125 million of foreign exchange and approximately EUR30 million at prevailing annual interest rates The impact of small-scale implementation of divestments.