(AOF) – The Solvay chemicals group generated EBITDA in 2023 in line with expectations of 1.25 billion euros, down 8.3 over one year in published data but up 0.2% over one year. organic basis. The Ebitda margin stood at 25.5% of turnover compared to 24.5% a year earlier. Turnover was down 11.9% in published data and 12.6% in organic data, to 4.88 billion euros compared to a consensus of 4.84 billion euros.
Solvay’s free cash flow amounted to 561 million euros last year, compared to 479 euros in 2022.
In this context, Solvay is proposing the payment of a dividend of 2.43 euros per share. Last November the company announced the payment of an interim dividend of 1.62 euros per share.
For the current financial year, Solvay expects an organic Ebita decline of 10% to 20% compared to 2023, falling in a range of 925 million to 1.04 billion euros.
The group has also confirmed its objectives for 2028.
Solvay is targeting an increase of around 5% per year in its Ebitda on an organic basis between 2024 and 2028. This indicator should represent between 25% and 30% of turnover at the end of the period.
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