Solvay SA (XBRU:SOLB)

€ 31.12 0.22 (0.71%) Market Cap: 3.27 Bil Enterprise Value: 4.91 Bil PE Ratio: 2.01 PB Ratio: 2.56 GF Score: 55/100

Q2 2019 Solvay SA Earnings Call Transcript

Jul 31, 2019 / 11:30AM GMT

Release Date Price: €18.47 (+1.46%)

Transcript

Geoffroy Raskin

Solvay SA - Head of IR

Good afternoon. Welcome to our second quarter call. And I am Geoff Raskin, from Investor Relations, and I'm here with our CEO, Ilham Kadri; and our CFO, Karim Hajjar. Now before handing the call over to them, let me remind you that our results are compared to 2018 pro forma figures, which already includes the positive IFRS 16 impact. This makes that the corresponding 4.2% growth is excluded from the presented growth figures in H1. We've also added slides to today's broadcast. And with that, I'll turn the call over to our CEO, Ilhan.

Ilham Kadri

Solvay SA - Chairman of the Executive Committee, CEO & Director

Thank you, Jeff. And hello, everyone. Thank you for joining our call today. I'll begin with the quick overview of the result. Turning to Slide 3. As anticipated and discussed with you at our last results call, the macro headwinds we experienced in quarter 1 in key end markets, including automotive, electronics and oil and gas remain challenging in quarter 2. Against this backdrop, we executed well by focusing on

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