Solvay SA (XBRU:SOLB)

€ 34.31 0.66 (1.96%) Market Cap: 3.60 Bil Enterprise Value: 5.19 Bil PE Ratio: 1.85 PB Ratio: 2.53 GF Score: 63/100

Q1 2019 Solvay SA Earnings Call Transcript

May 07, 2019 / 12:00PM GMT

Release Date Price: €19.24 (-6.69%)

Transcript

Geoffroy Raskin

Solvay SA - Head of IR

Good afternoon, and welcome to our first earnings call. 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 just remind you that our 2019 key figures are compared to 2018 pro forma figures as if IFRS 16 had already been implemented in 2018. These pro forma amounts were shared with you in February to facilitate the year-on-year comparison. Let me be clear, this positive IFRS 16 effect is excluded from the organic growth we refer to in our results review and in our outlook. And let me just remind you that the IFRS 16 effect on our full year EBITDA is a positive 4.5%.

Finally, we have added accompanying slides to today's broadcast to help simplify and clarify the relevant information. You can follow these in the webcast.

With that, I'll turn the call over to our CEO. Ilham?

Ilham Kadri

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

Thank you, Geoff, and hello, everyone

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