Solvay showcases progress in transforming its Solutions segment
June 16 2022 - 2:30AM
Solvay showcases progress in transforming its Solutions segment
The Group held a webinar focused on consumer-facing markets
Brussels, June 16, 2022
Solvay held a webinar for the investment community on the
Consumer businesses that will be part of the future SpecialtyCo.
Today, this sector is represented mainly by Novecare and Aroma
Performance businesses, which are currently included in the
Solutions business segment. This webinar marked a continuation of
Solvay’s series that began in December 2021 with an ESG update,
followed by the materials supplied to the Automotive
industry.
“Consumer” refers to a diverse group of businesses that touch
all of us in our daily lives. These are markets driven by demand
from consumers and regulators for sustainable and high-performing
solutions. The majority of these activities are categorized into
four main areas of focus for Solvay: Agrochemicals, Home &
Personal Care, Coatings, and Food, Flavors &
Fragrances.
“The Solutions segment has made a remarkable turnaround since
the announcement of our GROW strategy and has significantly
exceeded its optimization mandate. EBITDA margins have expanded
from 15% in 2018 to 19% in 2021 and returns improved by 2.5
percentage points, putting us firmly in the value-creation range,”
said Ilham Kadri, CEO Solvay. “I’m so proud of our teams for this
excellent progress and I am even more encouraged by the continued
momentum. With 22% of circular sales, we are well advanced on the
path to structurally upgrade and differentiate our portfolio
towards higher-specialty solutions, taking advantage of the
transition to natural, bio-sourced, renewable and circular
products, such as the non-GMO biofermentation of rice bran waste.
The future of these businesses as part of SpecialtyCo looks
bright.“
Solvay further aspires to grow this sector by high single-digits
across the mid-term, driven by:
- Sustainability which is driving premiumization, with increased
demand from end-consumers for products that are bio-sourced,
biodegradable, and contribute to the circular economy.
- A track record of outgrowing the market in our key areas driven
by a tailored approach to develop sustainable solutions with a
relentless focus on our customers’ needs.
- A proven, repeatable growth model, driven by innovation and
expansion opportunities, and continuous portfolio
upgrading.
A replay of today’s presentation is available on Solvay’s
Investor Relations website.
- 20220616_Consumer webinar_EN
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