Solvay: 4th Quarter Results 2011
Solvay Group announced fourth quarter 2011 results: Good overall resilience in sales; significant slowdown in demand for Vinyls in Europe, and to a lesser extent, in Polyamide Materials. First contribution of Rhodia to Rebitda amounted to EUR 231 million. Group Rebitda is down by 23 % on a pro forma basis primarily due to Vinyls in Europe. Priority is given to cash: significant decrease of inventories with a negative impact on result estimated to EUR 50 million. Net result is EUR 122 million and dividend proposed EUR 3.0667 gross per share, stable compared to 2010.
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