OverviewSuggest Edit

Solvay is a global advanced materials and specialty chemicals company. It offers a range of materials and formulations and performance chemicals, including amines, antioxidants and stabilizers, composites, flavors and fragrances, mining chemicals, peroxygens, phosphorus specialties, process materials, rare earths and metal compounds, solvents, specialty chemicals and polymers, surfactants, as well as fluorine, lithium, silicium derivatives, sodium, sulfur, barium and strontium, and calcium and magnesium derivatives. The company serves the automotive, aerospace, consumer goods, healthcare, energy, environment, electricity, electronics, building and construction, and industrial markets. Its products are used in planes, cars, batteries, smart and medical devices, as well as in mineral and oil and gas extraction.

TypePublic
Founded1863
HQBruxelles, BE
Websitesolvay.com
Employee Ratings3.8
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2019)24,100(-1%)
Job Openings16
Revenue (FY, 2019)€11.2 B
Share Price (May 2021)€106.9(+2%)
Cybersecurity ratingBMore

Key People/Management at Solvay

Ilham Kadri

Ilham Kadri

Chief Executive Officer (CEO) & Chairman of the Executive Committee
Vincent De Cuyper

Vincent De Cuyper

Member of the Executive Committee, General Manager of the Chemicals Sector
Karim Hajjar

Karim Hajjar

Chief Financial Officer & Member of the Executive Committee
Hua Du

Hua Du

Member of the Executive Committee
Augusto Di Donfrancesco

Augusto Di Donfrancesco

Member of the Executive Committee
Hervé Tiberghien

Hervé Tiberghien

Chief People Officer, Member of the Executive Committee
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Solvay Office Locations

Solvay has offices in Bruxelles, Antwerpen, Beveren, Jemeppe-sur-Sambre and in 143 other locations
Bruxelles, BE (HQ)
Rue de Ransbeek 310
Antwerpen, BE
Scheldelaan 600
Beveren, BE
Haandorpweg 1
Jemeppe-sur-Sambre, BE
Rue Solvay 39
Oudenaarde, BE
Industriepark de Bruwaan 43
Walcourt, BE
Yves-Gomezée
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Solvay Financials and Metrics

Solvay Revenue

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Solvay's revenue was reported to be €11.23 b in FY, 2019 which is a 0.6% decrease from the previous period.
EUR

Revenue (Q2, 2020)

2.3b

Gross profit (Q2, 2020)

534.0m

Gross profit margin (Q2, 2020), %

22.8%

Net income (Q2, 2020)

(1.5b)

EBITDA (Q2, 2020)

398.0m

EBIT (Q2, 2020)

(1.3b)

Market capitalization (3-May-2021)

11.0b

Closing stock price (3-May-2021)

106.9

Cash (30-Jun-2020)

963.0m

EV

14.0b
Solvay's current market capitalization is €11 b.
Annual
EURFY, 2017FY, 2018FY, 2019

Revenue

10.9b11.3b11.2b

Revenue growth, %

(4%)4%(1%)

Cost of goods sold

7.8b8.3b8.2b

Gross profit

3.1b3.0b3.0b
Quarterly
EURQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

2.8b2.8b2.8b2.9b2.9b2.8b2.7b2.3b

Cost of goods sold

2.1b2.0b2.1b2.1b2.1b2.0b1.9b1.8b

Gross profit

744.0m807.0m789.0m771.0m784.0m747.0m743.0m534.0m

Gross profit Margin, %

26%29%28%27%27%27%28%23%
Annual
EURFY, 2017FY, 2018FY, 2019

Cash

992.0m1.1b809.0m

Accounts Receivable

1.5b1.4b1.4b

Inventories

1.5b1.7b1.6b

Current Assets

6.1b6.6b6.3b
Quarterly
EURQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

990.0m1.0b1.2b1.3b1.2b784.0m889.0m963.0m

Accounts Receivable

1.6b1.5b1.6b1.6b1.5b1.4b1.6b1.3b

Inventories

1.5b1.6b1.7b1.8b1.7b1.7b1.7b1.4b

Current Assets

6.3b6.6b7.3b7.1b7.0b6.5b5.2b4.5b
Annual
EURFY, 2017FY, 2018FY, 2019

Net Income

1.1b897.0m157.0m

Depreciation and Amortization

1.2b944.0m1.9b

Inventories

(141.0m)(239.0m)164.0m

Accounts Payable

60.0m98.0m(217.0m)
Quarterly
EURQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

118.0m353.0m641.0m237.0m516.0m140.0t261.0m(1.3b)

Depreciation and Amortization

245.0m482.0m717.0m251.0m508.0m1.6b252.0m2.0b

Cash From Operating Activities

320.0m569.0m934.0m172.0m712.0m1.3b(58.0m)393.0m

Purchases of PP&E

(158.0m)(298.0m)(458.0m)(155.0m)(307.0m)(502.0m)(146.0m)(233.0m)
EURFY, 2017

EV/EBITDA

8.1 x

EV/EBIT

16.8 x

EV/CFO

10.2 x

Revenue/Employee

445.3k

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2.2 x

P/E Ratio

12.4
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Solvay Operating Metrics

FY, 2016FY, 2017FY, 2018FY, 2019

Countries

58616264

Patent Applications

240284264240

Intellectual Property Agreements and Cooperation Agreements

1.3 k1.66 k1.5 k1.9 k

Industrial Sites (Europe)

57464444
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Solvay Acquisitions / Subsidiaries

Company NameDateDeal Size
European Carbon Fiber GmbHNovember 07, 2017
Cytec Industries IncJuly 29, 2015
RytonJanuary 05, 2015$220 m
Dhaymers Quimica Fina LtdaDecember 09, 2014
PlextronicsMarch 26, 2014
Chemlogics GroupOctober 07, 2013$1.3 b
Sunshield Chemicals LimitedDecember 27, 2012
RhodiaApril 04, 2011$4.8 b
InnogeneticsSeptember 09, 2008$350.7 m
Solvay Specialty Polymers Italy S.p.A.May 07, 2002
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Solvay Revenue Breakdown

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Solvay revenue breakdown by business segment: 44.0% from Advanced Materials, 27.8% from Advanced Formulations, 28.1% from Performance Chemicals and 0.1% from Other

Solvay revenue breakdown by geographic segment: 11.4% from Latin America, 30.8% from Asia and Rest of the World, 29.9% from North America, 27.0% from European Union and 0.9% from Other

Human Capital Metrics

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Solvay Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

Solvay Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Solvay Online and Social Media Presence

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Solvay Company Culture

  • Overall Culture

    C+

    67/100

  • CEO Rating

    B+

    73/100

  • Compensation

    B+

    75/100

  • Diversity

    C

    64/100

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Solvay News and Updates

Solvay first quarter 2021 results: Strong start to the year with double-digit growth in Cash and EBITDA and record EBITDA margins

Register now to the webcast scheduled at 15:00 CESTLink to financial report

Solvay invites shareholders to the 2021 Annual General Meeting

Brussels, April 9, 2021, 8.30 a.m. CEST - Solvay today announced that it has published materials for the next General Shareholders' Meeting, which will be held on Tuesday May 11, 2021 in Brussels, at 10.30 a.m. CEST. All documents relating to this meeting are now available on www.solvay.com. 

Solvay releases Integrated Report and Annual Report

In 2020, Solvay overcame headwinds to deliver strong financial performance, as well as significant progress on sustainability goals.

Global Cannabis Pharmaceuticals Market Report 2020-2027: Leading Players are GW Pharma, Valeant Pharma, Insys Therapeutics, Corbus Pharma, Teva Pharma, Avicanna, Solvay Pharma & Cannabis Pharma

Dublin, Feb. 26, 2021 (GLOBE NEWSWIRE) -- The "Cannabis Pharmaceuticals Market Share, Size, Trends, Industry Analysis Report, By Product; By Distribution Channel; By Regions; Segment Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering. The global cannabis pharmaceutical…

Insights on the Barium Nitrate Global Market to 2027 - Featuring Solvay, Tennants Distribution & Xilan Chemicals Among Others

Dublin, Feb. 25, 2021 (GLOBE NEWSWIRE) -- The "Barium Nitrate - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to the 8th edition of this report. The 179-page report presents concise insights i…

Solvay full year 2020 results: Record Free Cash Flow and Cost Reductions

Register to the webcast scheduled at 14:30 CET here  -  Link to financial report  - Link to financial calendar
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Solvay Blogs

Solvay Launches Non-Fluorosurfactant Technologies in the U.S.

The company is discontinuing the use of fluorosurfactants in the U.S., in favor of a new technology. Hylar® 5000S and Tecnoflon® LX will be in full production at its West Deptford, N.J., facility by the end of June 2021.

Solvay to phase out coal for energy use in Rheinberg soda ash plant

Part of the Solvay One Planet strategic roadmap, the Rheinberg plant's coal exit will establish a new global sustainability reference for soda ash production worldwide

Solvay first quarter 2021 results

Discover our Group's first quarter results which show a strong start to the year with double-digit growth in cash and EBITDA and record EBITDA margins.

Solvay completes sale of its North American and European amphoteric surfactant business to OpenGate Capital

Solvay announced today that it has completed the sale of its North American and European amphoteric surfactant business to OpenGate Capital.

Participation notification by BlackRock Inc. - April 29, 2021

According to Belgian transparency legislation (Law of May 2, 2007), BlackRock Inc. (55 East 52nd Street, New York, NY, 10055, U.S.A.) recently sent to Solvay the following transparency notifications indicating that it crossed the threshold of 3%. Here is a summary of the moves.

Solvay launches Amodel® Supreme PPA for New E-Mobility Applications

Solvay introduces Amodel® Supreme PPA, a new line of high-performance polyphthalamide (PPA) compounds designed for demanding e-mobility and metal replacement applications.
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Solvay Frequently Asked Questions

  • When was Solvay founded?

    Solvay was founded in 1863.

  • Who are Solvay key executives?

    Solvay's key executives are Ilham Kadri, Vincent De Cuyper and Karim Hajjar.

  • How many employees does Solvay have?

    Solvay has 24,100 employees.

  • What is Solvay revenue?

    Latest Solvay annual revenue is €11.2 b.

  • What is Solvay revenue per employee?

    Latest Solvay revenue per employee is €465.9 k.

  • Who are Solvay competitors?

    Competitors of Solvay include Tokuyama, Umicore and Chemours.

  • Where is Solvay headquarters?

    Solvay headquarters is located at Rue de Ransbeek 310, Bruxelles.

  • Where are Solvay offices?

    Solvay has offices in Bruxelles, Antwerpen, Beveren, Jemeppe-sur-Sambre and in 143 other locations.

  • How many offices does Solvay have?

    Solvay has 151 offices.