Full Year 2025 Solvay SA Earnings Call Transcript

Feb 24, 2026 / 01:00PM GMT

Release Date Price: €26.88 (-0.15%)

Transcript

Key Points

Positve

Solvay SA (SLVYY) delivered healthy margins and strong cash flow in 2025 despite a challenging environment.
The company achieved a significant reduction in CO2 emissions, with a 29% decrease compared to 2021, nearing their 2030 target.
Solvay SA (SLVYY) launched a major safety culture transformation program, resulting in decreased severity of incidents.
The company generated EUR350 million of free cash flow, demonstrating strong financial discipline.
Solvay SA (SLVYY) achieved its living wage target one year in advance, ensuring 100% of its workforce receives a decent living wage.

Negative

Underlying net sales in 2025 were down 6% compared to 2024, primarily due to lower volumes in key business units.
The EBITDA margin decreased, with underlying EBITDA down 13% compared to 2024.
The demand environment remains challenging, with no signs of recovery expected in 2026.
Transformation expenses, including restructuring and ERP implementation, are expected to impact the bottom line in 2026.
The Coatis business continues to suffer due to tariffs, with no immediate resolution in sight.

Geoffroy d;Oultremont

Solvay SA - Head of Investor Relations

' -

Good afternoon, everyone, and welcome to Solvay's fourth-quarter and full-year 2025 earnings call. I'm Geoffroy d'Oultremont, Head of Investor Relations. And with me today are our CEO, Philippe Kehren; and our CFO, Alexandre Blum.

This call is being recorded and will be accessible for replay on the Investor Relations section of Solvay's website later today. I would like to remind you that the presentation includes forward-looking statements that are subject to risks and uncertainties.

The slides shared today are also available on the website. We will first discuss our full-year earnings and the outlook for 2026 and then take your questions. Philippe, over to you for the introduction.

Philippe Kehren

Solvay SA - Chief Executive Officer, Executive Director, Member of the Executive Committee

Thank you, Geoffroy, and hello, everyone. In 2025, we delivered healthy margins and strong cash flow despite the challenging environment.

In this context, we remain

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