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Home Industry News Solvay half-year operating results ‘surpass those for 2006’

Solvay half-year operating results ‘surpass those for 2006’

31st July 2007

Solvay has announced its half-year operating results for the first half of the 2007 financial year, with these figures surpassing those for the first half of last year.

The company reported a stable one per cent increase in sales to 4,808 million euros (3,230 million pounds), while operating results of 616 million euros rose three per cent on the comparable period in 2006.

Net income for the half fell 15 per cent compared to the same period last year, dropping to 413 million euros, with this reduction attributed to higher tax charges and non-operating items with a negative balance.

The company reported a 16 per cent drop in operating results for the pharmaceuticals sector, while the company’s forecast for the full-year remain in-line with earlier estimates.

“Overall for 2007, we confirm our confidence that we can achieve the excellent operating results of last year,” Solvay reports.

The firm added that it would continue to pay close attention to factors including energy costs, the fluctuating exchange rate between the dollar and euro and other global macroeconomic conditions.

In February 2007, Solvay recorded a “record year” for 2006, reporting a ten per cent growth in overall revenues to 9.4 billion euros, with a 12 per cent rise in operating results to 1.1 billion euros before tax and interest.

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