Solvay

We have shown resilience in Q1 2025 despite a complex macroeconomic landscape marked by uncertainties and trade tensions. Our strategic focus on regionalization, with 80% of our sales being local-to-local, has been pivotal.

Key highlights:
✅ Despite a decrease in overall volumes, we sustained an underlying EBITDA of €250 million, supported by effective cost management and our diversified portfolio.
✅ We generated €42 million in free cash flow, while making investments of €70 million.
✅ 2025 outlook confirmed: underlying EBITDA currently expected to reach the lower half of the guidance range; free cash flow guidance of €300 million confirmed.

These results validate our strategy of focusing on regionalization, maintaining a balanced portfolio, exercising cost discipline, and prioritizing cash generation. While we anticipate a challenging second quarter, our adaptability and strategic focus continue to enable us to deliver value.