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 2020)23,663(-2%)
Job Openings19
Revenue (FY, 2020)€9.7 B(-13%)
Share Price (Sept 2021)€109.4
Cybersecurity ratingBMore

Key People/Management at Solvay

Ilham Kadri

Ilham Kadri

CEO, Chairman of the Executive Committee & Member of the Board of Directors
Karim Hajjar

Karim Hajjar

Chief Financial Officer & Member of the Executive Committee
Hervé Tiberghien

Hervé Tiberghien

Chief People Officer, Member of the Executive Committee
Vincent De Cuyper

Vincent De Cuyper

Member of the Executive Committee
Augusto Di Donfrancesco

Augusto Di Donfrancesco

Member of the Executive Committee
Marc Chollet

Marc Chollet

Group Chief Strategy & Member of the Executive Committee
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Solvay Office Locations

Solvay has offices in Bruxelles, Antwerpen, Beveren, Jemeppe-sur-Sambre and in 132 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 €9.71 b in FY, 2020 which is a 13.5% decrease from the previous period.
EUR

Revenue (Q2, 2021)

2.7b

Gross profit (Q2, 2021)

749.0m

Gross profit margin (Q2, 2021), %

27.8%

Net income (Q2, 2021)

233.0m

EBITDA (Q2, 2021)

550.0m

EBIT (Q2, 2021)

333.0m

Market capitalization (14-Sept-2021)

11.4b

Closing stock price (14-Sept-2021)

109.4

Cash (30-Jun-2021)

1.2b

EV

14.0b
Solvay's current market capitalization is €11.4 b.
Annual
EURFY, 2018FY, 2019FY, 2020

Revenue

11.3b11.2b9.7b

Revenue growth, %

4%(1%)(13%)

Cost of goods sold

8.3b8.2b7.2b

Gross profit

3.0b3.0b2.5b
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

2.9b2.9b2.8b2.7b2.3b2.3b2.6b2.7b

Cost of goods sold

2.1b2.1b2.0b1.9b1.8b1.7b1.9b1.9b

Gross profit

771.0m784.0m747.0m743.0m534.0m600.0m735.0m749.0m

Gross profit Margin, %

27%27%27%28%23%26%28%28%
Annual
EURFY, 2018FY, 2019FY, 2020

Cash

1.1b809.0m1.0b

Accounts Receivable

1.4b1.4b1.3b

Inventories

1.7b1.6b1.2b

Current Assets

6.6b6.3b4.5b
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

1.3b1.2b784.0m889.0m963.0m1.1b1.3b1.2b

Accounts Receivable

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

Inventories

1.8b1.7b1.7b1.7b1.4b1.3b1.4b1.4b

Current Assets

7.1b7.0b6.5b5.2b4.5b4.6b5.2b5.3b
Annual
EURFY, 2018FY, 2019FY, 2020

Net Income

897.0m157.0m(929.0m)

Depreciation and Amortization

944.0m1.9b2.4b

Inventories

(239.0m)164.0m100.0m

Accounts Payable

98.0m(217.0m)3.0m
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

237.0m516.0m140.0t261.0m(1.3b)260.0m113.0m233.0m

Depreciation and Amortization

251.0m508.0m1.6b252.0m2.0b189.0m245.0m217.0m

Cash From Operating Activities

172.0m712.0m1.3b(58.0m)393.0m495.0m303.0m330.0m

Purchases of PP&E

(155.0m)(307.0m)(502.0m)(146.0m)(233.0m)(69.0m)(64.0m)(96.0m)
EURFY, 2018

Revenue/Employee

461.2k

Debt/Equity

0.4 x

Debt/Assets

173.2 x
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Solvay Operating Metrics

FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Countries

5861626464

Patent Applications

240284264240135

Intellectual Property Agreements and Cooperation Agreements

1.3 k1.66 k1.5 k1.9 k

Industrial Sites (Europe)

5746444440
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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

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Solvay Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

Solvay Online and Social Media Presence

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Solvay Company Culture

  • Overall Culture

    C+

    67/100

  • CEO Rating

    A-

    75/100

  • Compensation

    A-

    76/100

  • Diversity

    C

    64/100

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Solvay News and Updates

Worldwide Cellulose Acetate Industry to 2026 - Featuring Solvay, Celanese and Daicel Among Others

Dublin, Sept. 02, 2021 (GLOBE NEWSWIRE) -- The "Cellulose Acetate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. The global cellulose acetate market reached a value of US$ 4.02 Billion in 2020. Lo…

Correction: Solvay and Shinkong create joint venture to serve booming Taiwan semiconductor demand

Solvay and Shinkong create joint venture to serve booming Taiwan semiconductor demand 

Solvay and Shinkong create joint venture to serve booming Taiwan semiconductor demand

Solvay and Shinkong create joint venture to serve booming Taiwan semiconductor demand 

Solvay raises full year guidance following double-digit sales and EBITDA growth in Q2 2021

Register to the webcast scheduled at 13:00 CEST here - Link to financial report

Worldwide Polytetrafluoroethylene Industry to 2026 - Featuring AGC, Daikin Industries and Solvay Among Others

Dublin, July 21, 2021 (GLOBE NEWSWIRE) -- The "Polytetrafluoroethylene (PTFE) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. The global polytetrafluoroethylene market reached a value of US$ 2.4 Bi…

Chinese court rules in favor of Solvay in patent case

On February 2, 2021, the Patent Reexamination Board of the Chinese Patent Office ruled in Solvay's favor on a patent invalidation case filed by Zhejiang Fluorine Chemical New Material Co. Ltd. (“Fluorine”) against a patent pertaining to certain polyvinylidene fluoride (PVDF) materials specifically t…
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Solvay Blogs

Solvay helps La Méridionale’s ferry go beyond emissions regulations

First successful use of sodium-based dry technology enabling exhaust gas treatment on a vessel

Solvay second quarter 2021 results

Solvay raises its guidance following robust Q2 results with sales (20%) and EBITDA (47%) organic growth

Solvay Introduces New KetaSpire® PEEK Grade for Precision ABS/ESC Brake & E-Mobility Components

Solvay has announced the launch of a new grade of KetaSpire® PEEK, KT-850 SCF 30, designed for precision brake system and e-mobility electronic pump components.

Ensinger relies on Solvay’s high-performance polymer expertise in the fight against Covid-19

To boost vaccine production, Solvay, Ensinger and optek are safeguarding the value-added chain with precision components

Solvay introduces a breakthrough restorative routine for textured hair

With a complete textured hair routine designed to clean, care and style curly hair, Solvay is helping textured hair consumers embrace their natural hair.

Solvay mobilizes to help flood victims

Solvay Solidarity Fund provides €2 million to support impacted families and communities.
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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, Karim Hajjar and Hervé Tiberghien.

  • How many employees does Solvay have?

    Solvay has 23,663 employees.

  • What is Solvay revenue?

    Latest Solvay annual revenue is €9.7 b.

  • What is Solvay revenue per employee?

    Latest Solvay revenue per employee is €410.5 k.

  • Who are Solvay competitors?

    Competitors of Solvay include EMS-Chemie, Tokuyama and Umicore.

  • 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 132 other locations.

  • How many offices does Solvay have?

    Solvay has 141 offices.