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 Ratings3.7
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2019)24,100(-1%)
Revenue (FY, 2019)€11.2 B
Share Price (Feb 2021)€101.1
Cybersecurity ratingAMore

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 144 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 (26-Feb-2021)

10.5b

Closing stock price (26-Feb-2021)

101.1

Cash (30-Jun-2020)

963.0m

EV

13.4b
Solvay's current market capitalization is €10.5 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

58 61 62 64

Patent Applications

240 284 264 240

Intellectual Property Agreements and Cooperation Agreements

1.30 k1.66 k1.50 k1.90 k

Industrial Sites (Europe)

57 46 44 44
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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$1.30 b
Sunshield Chemicals LimitedDecember 27, 2012
RhodiaApril 04, 2011$4.80 b
InnogeneticsSeptember 09, 2008$350.70 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

A

90/100

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

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

Henkel honors Solvay with home care Innovation and Sustainability awards

Long-time partner Henkel recognizes Solvay's Actizone TM , a 24-hour antimicrobial cleaning technology, and Rhodasurf ®️ 6 NAT, a bio-based surfactant. read more

Solvay appoints chief digital officer

Solvay has appointed Yan Beynon as chief digital officer, effective January 1, 2021. He will partner with Solvay’s different business units and functions to accelerate the digital transformation within the company to both improve cost effectiveness and enable growth ambitions at the service of custo…

Worldwide Sulfur Hexafluoride Industry to 2027 - Players Include Solvay, Air Liquide and Iwatani Among Others

Dublin, Jan. 13, 2021 (GLOBE NEWSWIRE) -- The "Europe Sulfur Hexafluoride Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Grade (Electronic Grade, UHP Grade), End-user (Power and Energy, Electronics, Metal Manufacturing, Medical, and Others)" report has been added to ResearchAnd…
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Solvay Blogs

Participation notification by BlackRock Inc. - March 4, 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.

Participation notification by BlackRock Inc. - February 26, 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 Full Year 2020 Results

Record Free Cash Flow and Cost Reductions

Bridgestone, ARLANXEO and Solvay launch TECHSYN to give tyres unrivalled strength and environmental performance

Bridgestone, ARLANXEO and Solvay have today announced the launch of TECHSYN, a new, co-developed tyre technology platform enabling tyres to deliver unrivalled strength and environmental performance.

Solvay’s specialty polymers resist aggressive Metrex healthcare surface disinfectants

Solvay and Metrex, a leader in broad spectrum surface disinfection products, announced the results of a recent study on the compatibility of several advanced Solvay healthcare polymers with Metrex disinfectants. The joint study included CaviWipes™ 2.0, Metrex’s newest product, and evaluated the chem…

Participation notification by BlackRock Inc. - February 11, 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.
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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 144 other locations.

  • How many offices does Solvay have?

    Solvay has 152 offices.