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 Ratings3.6

Latest Updates

Employees (est.) (Dec 2019)24,100(-1%)
Revenue (FY, 2019)€11.2 B
Share Price (Oct 2020)€77.6
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 (19-Oct-2020)

8.0b

Closing stock price (19-Oct-2020)

77.6

Cash (30-Jun-2020)

963.0m

EV

11.0b
Solvay's current market capitalization is €8 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

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 Online and Social Media Presence

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Solvay News and Updates

Solvay steps up sustainability with science-based targets

Language English English French Dutch.read more

Solvay launches Peroxides for the Future program

Adapting its industrial footprint to meet customers’ needs, the Group intends to curtail its H2O2 production capacity in Western Europe and to add capacity in onsite satellite plants.read more

Worldwide Cerium Oxide Powder Industry to 2025 - Featuring Solvay, China Minmetals Rare Earth & Jiangsu Guosheng Among Others

DUBLIN, Sept. 15, 2020 /PRNewswire/ -- The "Cerium Oxide Powder Market Insights 2020, Analysis and Forecast Global and Chinese Market to 2025, by Manufacturers, Regions, Technology, Application" report has been added to ResearchAndMarkets.com's offering. This report is a professional and...

Solvay Finance announces tender offer to purchase bonds for cash

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED …

Water Treatment Chemicals Market in Germany, 2020-2025 - Featuring Dow, Nouryon, Ecolab, Solenis, Kemira, Solvay, Lonza, Kurita Water Industries, and Suez

DUBLIN, July 10, 2020 /PRNewswire/ -- The "Germany Water Treatment Chemicals Market - Growth, Trends, and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering. The market for water treatment chemicals in Germany is expected to grow at a CAGR of above 4% during...
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Solvay Blogs

Participation notification by BlackRock Inc. - September 29, 2020

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.

Lockheed Martin extends F-35 supply agreement with Solvay

Solvay has been awarded a new five-year material supply contract for Lockheed Martin’s F-35 aircraft

Solvay introduces Actizone™, a long-lasting antimicrobial cleaning technology

Durable surface protection is now within easy reach with Actizone™, a patented technology that delivers 24-hour antimicrobial performance.

Solvay again wins patent case in Germany

Solvay has won another patent infringement case in Germany against Neo Chemicals & Oxides Ltd.. In a judgment released on September 3, 2020, the Düsseldorf Regional Court concluded that Neo’s commercialization of certain Cerium/Zirconium based mixed oxides had infringed Solvay’s patent EP 152701…

Dr. Peter Piot appointed as Honorary Chairman of the Solvay Solidarity Fund

The UK-based microbiologist, who co-discovered Ebola, will advise the fund in its support to employees, charities and research against COVID-19.

Participation notification by BlackRock Inc. - September 21, 2020

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 Umicore, Chemours and Celanese.

  • 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 152 offices.