Latest news with #marketconditions
Yahoo
18 hours ago
- Business
- Yahoo
ASM reports second quarter 2025 results
Almere, The Netherlands July 22, 2025, 6 p.m. CET Solid Q2 results against a backdrop of continued mixed market conditions ASM International N.V. (Euronext Amsterdam: ASM) today reports its Q2 2025 results (unaudited). Financial highlights € million Q2 2024 Q1 2025 Q2 2025 New orders 755.4 834.2 702.5 yoy change % at constant currencies 56% 14% (4%) Revenue 706.1 839.2 835.6 yoy change % as reported 6% 31% 18% yoy change % at constant currencies 6% 26% 23% Gross profit 352.0 447.8 433.2 Gross profit margin % 49.8 % 53.4 % 51.8 % Operating result 177.6 266.2 258.5 Operating result margin % 25.1 % 31.7 % 30.9 % Adjusted operating result 1 182.3 271.0 263.2 Adjusted operating result margin %1 25.8 % 32.3 % 31.5 % Net earnings (losses) 159.0 (28.9) 202.4 Adjusted net earnings 1 164.7 191.9 173.0 1 Adjusted figures are non-IFRS performance measures. Refer to Annex 3 for a reconciliation of non-IFRS performance measures. New orders of €702 million in Q2 2025 decreased by 4% over the same period last year at constant currency (decreased by 7% as reported). Compared to Q1 2025, orders decreased by 10% at constant currency. This sequential decrease is explained by lower advanced logic/foundry orders due to timing of orders. The y-o-y decrease was mainly due to the lumpy nature of quarterly order intake and compared to a relatively high memory contribution in Q2 2024. Revenue of €836 million increased by 23% at constant currencies (increased by 18% as reported) from Q2 last year. At constant currencies, revenue increased by 7% compared to Q1 2025, which was above our guidance range of +1% to +6% at constant currencies. Revenue in Q2 2025 was driven by foundry, followed by memory, and logic. Gross profit margin of 51.8% in Q2 2025 improved compared to 49.8% in Q2 last year, while it decreased, as expected, compared to 53.4% in Q1 2025. Q2 2025 margin remained healthy thanks to mix, including continued strong sales to China. Adjusted operating result margin of 31.5% increased by 5.7% points compared to the same period last year and slightly decreased by 0.8% points compared to previous quarter. The y-o-y improvement is mainly due to higher gross profit margin this quarter, and a one-off tax charge which resulted in a higher SG&A cost last year. Reported net earnings included a reversal of impairment of €34 million from our stake in ASMPT (Q1 included a €215 million impairment), triggered by the increase in market valuation in the recent period. There is no cash impact. Following the impairment, and in line with our accounting policy, the changes in the market value of ASMPT will be included in our quarterly net results in case of further decline or until the impairment charge has been reversed. Comment 'ASM continued to deliver solid quarterly results against a backdrop of mixed market conditions. Sales increased by 23% year-on-year at constant currencies to €836 million,' said Hichem M'Saad, CEO of ASM. 'Compared to the first quarter of 2025 revenue increased by +7%, which was above the top end of our guidance. The y-o-y increase was led by the logic/foundry segment as well as continued momentum in our spares & services business. The market environment continued to show a mixed picture in the second quarter. Growth in AI is fueling ongoing capacity expansions in the leading-edge logic/foundry and HBM-related DRAM segments, while conditions in most of the other market segments are still slow. Bookings amounted to €702 million in Q2 2025, down 10% compared to Q1 at constant currencies, mainly due to lower advanced logic/foundry bookings. However, the underlying trend in this segment, particularly in gate-all-around (GAA), remains healthy and we expect related leading-edge logic/foundry bookings to pick up again in Q3. The gross margin, while down from a high level of 53.4%, remained strong at 51.8%, again driven by product and customer mix, improved operational efficiency and a better-than-expected contribution from China sales. For the full year 2025, we still expect the gross margin to be in the upper half of the target range of 46%-50%. This excludes any potential direct impact from tariffs, which at this point remains difficult to predict. We have various scenarios in place to mitigate potential financial impacts. Operating profit increased strongly in Q2, by approximately 40% adjusted for a one-off expense last year, on the back of increased sales, gross margin improvement and continued cost control, whilst continuing to invest in R&D. We are well positioned to at least maintain our ALD and epi market share from the first to the second GAA logic/foundry nodes and remain focused on further share gains in memory, as ALD and epi intensity grows in upcoming DRAM nodes.' Outlook We expect revenue in the second half of 2025 to be approximately similar to the level in the first half, at constant currencies. For Q3 2025, we expect total ASM revenue to be flat to slightly lower, in a range of 0% to -5% at constant currencies compared to Q2 2025. As a reminder, with the Q1 2025 results we changed our quarterly revenue guidance from absolute Euro amounts to growth rates at constant currencies, given the increased exchange rate volatility in the recent periods and ASM's significant USD revenue exposure (>80% of sales).For Q3 2025, we expect advanced logic/foundry bookings to be higher than in Q2 2025 and China bookings to be lower, with the overall book-to-bill in Q3 projected to be below 1. Based on comparable sales in the second half versus the first half, we expect revenue growth at constant currencies in 2025 to be around the midpoint of the guidance range of +10% to +20%. We continue to expect to outperform the WFE market, which is forecasted to grow slightly this year. Uncertainties related to tariffs, geopolitical tensions and the overall economic outlook continue to be relatively key growth driver for ASM this year is the high-volume manufacturing ramp of the 2nm GAA node. Despite some further shifts in capex forecasts among customers in this segment, our view for a strong increase in advanced logic/foundry sales in 2025 has not changed. Demand in advanced HBM-related DRAM applications remains solid, but conditions in the other parts of the memory market are sluggish. Against a very strong level last year, we still expect the memory contribution to drop this year (to less than 20% of equipment sales in 2025 versus 25% in 2024). In the power/analog/wafer segment equipment demand remains depressed with no meaningful sales recovery in the remainder of the year, despite some early signs of improvement in the related end markets. Demand in the Chinese market held up better than initially expected in the first half. We now expect China equipment sales in 2025 to be around the top end of the previously guided range of low to high 20s percentage of total ASM revenue. China sales and bookings in the second half are projected to be lower than in the first half. Share buyback program The €150 million share buyback program, announced in February 2025, started on April 30, 2025. On June 30, 2025, 40% of the program was completed at an average share price of €486.48 under ASM's share buyback program (of which 28.6% has been delivered and settled in cash within the reporting period, and the remainder on July 1, 2025). Investor Day We will host our 2025 Investor Day on September 23. Speakers will include our CEO, CFO and other members of ASM's senior management team. Further details will be announced later. Interim financial report ASM International N.V. (Euronext Amsterdam: ASM) today also publishes its Interim Financial Report for the six-month period ended June 30, 2025. This report includes an Interim Management Board Report, including ESG update, and condensed consolidated interim financial statements prepared in accordance with IAS 34 (Interim Financial Reporting). The Interim Financial Report comprises regulated information within the meaning of the Dutch Financial Markets Supervision Act ('Wet op het Financieel Toezicht') and is available in full on our website About ASM ASM International N.V., headquartered in Almere, the Netherlands, and its subsidiaries design and manufacture equipment and process solutions to produce semiconductor devices for wafer processing, and have facilities in the United States, Europe, and Asia. ASM International's common stock trades on the Euronext Amsterdam Stock Exchange (symbol: ASM). For more information, visit ASM's website at Cautionary Note Regarding Forward-Looking Statements: All matters discussed in this press release, except for any historical data, are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These include, but are not limited to, economic conditions and trends in the semiconductor industry generally and the timing of the industry cycles specifically, currency fluctuations, corporate transactions, financing and liquidity matters, the success of restructurings, the timing of significant orders, market acceptance of new products, competitive factors, litigation involving intellectual property, shareholders or other issues, commercial and economic disruption due to natural disasters, terrorist activity, armed conflict or political instability, changes in import/export regulations, pandemics, epidemics and other risks indicated in the company's reports and financial statements. The company assumes no obligation nor intends to update or revise any forward-looking statements to reflect future developments or circumstances. This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. Quarterly earnings conference call details ASM will host the quarterly earnings conference call and webcast on Wednesday, July 23, 2025, at 3:00 p.m. CET. Conference-call participants should pre-register using this link to receive the dial-in numbers, passcode and a personal PIN, which are required to access the conference call. A simultaneous audio webcast and replay will be accessible at this link. Contacts Investor and media relations Investor relations Victor Bareño Valentina Fantigrossi T: +31 88 100 8500 T: +31 88 100 8502 E: E: in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Fixed vs. variable student loan rates: Which is best?
Key takeaways Fixed-rate student loans are usually best if you're exhausting your federal loan eligibility or prefer predictable monthly payments. Variable-rate student loans have interest rates that change with the state of the market. Fixed rates are best for people who have longer loans and want monthly payment stability. Variable rates are best for people looking to get lower rates when markets improve and pay off loans relatively quickly. Student loans can come with either fixed or variable rates. Private student loans have both options, but federal student loans only have fixed rates. Each works best depending on the situation, such as the type of student loan you're taking out. Fixed-rate loans are usually the safest choice for many students since it's hard to predict which direction rates will go, but both rate types have their pros and cons. Fixed vs. variable rates: Pros and cons Fixed-rate loans come with an interest rate that remains the same throughout the life of the loan, meaning you'll have predictable monthly payments. By comparison, variable-rate student loans have an interest rate that fluctuates based on market conditions. >>Learn more: How to calculate student loan interest rate Picking a variable-rate student loan could be beneficial in some scenarios, but it's tricky because market conditions are unpredictable. If the Federal Reserve (Fed) changes its benchmark rate, it can influence rates for borrowers with variable student loans. When the Fed lowers its benchmark rate, lenders might lower their minimum advertised rates. On the other hand, when the Fed increases its benchmark rate, lenders might increase their interest rates. Although the Fed's decision to lower or raise its benchmark rate doesn't impact rates for existing borrowers with fixed-rate student loans, it could influence rates for new borrowers. The fixed rate for federal student loans is adjusted annually on July 1 based on market conditions, and private lenders often adjust their fixed rates based on the market environment. Keep in mind: Your rate can affect other areas, such as your budget, your student loan payment and how your payment relates to your future income. Fixed-rate student loans Fixed rates remain constant during the loan term, which means your monthly student loan payments will be predictable as you pay off your debt. The only way to change a fixed interest rate is by refinancing the loan. While fixed rates are typically higher than the lowest advertised variable rates, they provide stability because the payment won't change. You'll know exactly how much you'll pay monthly and how much interest you'll pay overall. Pros Interest rate will never change Monthly payments are consistent You'll know how much interest you'll pay Cons Generally higher starting rates No benefit if interest rates drop Note that all federal student loans come with fixed rates. Since federal loans come with benefits that private student loans don't offer, like access to income-driven repayment plans and student loan forgiveness programs, we recommend that you exhaust your federal student loan eligibility first before turning to private student loans to fill in any funding gaps. Upcoming changes to student loan repayment options With the passage of the One Big Beautiful Bill Act, a lot of changes are in store when it comes to repayment options. Student loans expert Andrew Pentis breaks it down for you. Learn more Variable-rate student loans Variable interest rates are tied to market conditions, so your student loan payment could increase or decrease based on an adjustment in your interest rate. Lenders typically tie the loan's variable rate to a benchmark rate, like the prime rate or the Secured Overnight Financing Rate (SOFR) index, plus a fixed margin. While you might start with a lower payment than you would with a fixed-rate loan, your interest rate – and monthly payment – could rise later on. Pros Typically lower starting rates Benefit from market changes (in some cases) Lower monthly payments if interest rates are low Cons Rate can rise over time Monthly payment can change Can be more difficult to budget for Fixed or variable rate: When to choose Fixed interest rates are good for borrowers who don't have a lot of wiggle room to account for an adjusting interest rate. Variable-rate student loans are a good option if you qualify for the lowest rates available. As mentioned earlier, all new federal student loans have fixed interest rates, and fixed rates are typically an option with private lenders. Private student loans tend to offer variable interest rate options as well. The idea that fixed-rate student loans are always better is a common misconception, according to Lawrence D. Sprung, certified financial planner and founder of Mitlin Financial and Wealth Advisor. In comparison, Tayne advises most student loan borrowers to choose a fixed-rate loan because payments are predictable and easier to manage with their budgets. While she acknowledges variable rates may be better if the student can qualify for a lower rate and pay off the loan within a few years, she notes that it's rarely the case for college students with little income or savings. Here are some scenarios where choosing a student loan with a fixed rate can make sense: Fixed rates are better Variable rates are better You prefer predictable monthly payments. You plan to pay off your student loan early. You want to lock in a low fixed rate. You have extra room in your budget in case rates rise. You're choosing a long repayment term. You can qualify for the best rates and terms. Student loan calculator Want to figure out some of the logistics of your student loans and experiment with some numbers? Bankrate wants to help you crunch the numbers. Calculate now What to consider before choosing When deciding whether a variable- or fixed-rate student loan is best for you, Sprung says to consider the terms of the loan, economic or interest rate outlook and your financial situation. In addition, here are some other things to consider. Consider the type of student loan: If you're taking out federal student loans, your only option is a fixed interest rate. In contrast, most private lenders offer both. Think about how long it'll take to pay off the loan: The longer your student loan, the more time a variable rate will have to fluctuate. That makes variable rates a better choice for parents or students who are not deferring payment. Look at market conditions: Take a look at current economic conditions and whether interest rates are rising or falling. For example, the Federal Reserve has been working to lower its interest rate, but markets are currently uncertain. Ask about variable terms: If you're considering a variable-rate loan, ask the lender how often the rate changes and whether there's a maximum rate cap. Think about your risk tolerance: Consider whether you'd be okay with short-term interest rate fluctuations or if you'd rather have the peace of mind of a fixed rate. Look at your credit score: Variable rates are best for those who can get the best rates and terms. If your credit score is lower, you may need student loans for bad credit, most of which have fixed APRs. Take your time to think about each of these factors and how they might impact you if you were to choose a variable- or a fixed-rate student loan. And remember that you can change your mind later and refinance your loans if you decide the other option is better for you. Student loan refinance calculator Want to see if refinancing is right for you? Bankrate's student loan refinance calculator is here to help. Calculate now How to switch student loan rate types Just because you choose one type of student loan doesn't mean you have to stick with it for the life of the loan. You can refinance your student loans, which means swapping out your current student loans with a new private student loan. Keep in mind that there's no guarantee that refinancing later might be difficult, depending on your financial situation. 'Depending on where rates go, your credit history and income will impact how easy [it is to refinance],' Sprung says. 1. Fixed rate to variable rate If you have a fixed-rate federal or private student loan, it's possible to refinance to a variable-rate private student loan. Doing so could be a smart move if you can save money. That said, think twice about refinancing federal student loans because it means you'll lose access to federal benefits, such as federal forbearance. 2. Variable rate to fixed rate You can also refinance from a variable-rate private student loan to a fixed-rate private loan. Making this choice could be a wise move if you prefer predictable monthly payments and can qualify for a lower fixed rate. Bottom line A fixed-rate student loan may be the best option if you prefer a longer repayment period and stable monthly payments throughout the life of the loan. Plus, it's your only option if you're exhausting your federal loan options first, which experts often recommend. If you intend to pay off your loan faster and need a private student loan to fill in funding gaps, a variable-rate loan could be a better fit for you. Whichever option you choose, compare rates and terms from as many lenders as possible to get the best deal. You may also have to check into student loans for bad credit. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Telegraph
5 days ago
- Automotive
- Telegraph
The rush to EVs is causing real damage
The market is always right. Historic luxury car marques are finding this to their cost as they delay overly ambitious electric vehicle (EV) plans, including Volvo last September and Jaguar Land Rover (JLR) this week, coincident with laying off 500 staff, or 1.5 per cent of their British workforce. The Land Rover customers are not putting in sufficient orders to justify rapid expansion, and for JLR, relative laggards in EV development, this is a second delay. And it's combined with generally bad market conditions: the UK's expensive energy, tax rises, expected rises in the cost of labour from employment legislation, it still being difficult to build or expand anything anywhere, restrictions on skilled worker visas and in export markets, Trump tariffs and their ripples across global supply chains. The JLR move also follows the relaxation of the UK zero emissions mandate (ZEV) targets in April. The scheme compels manufacturers to sell a rising ratio of their output as EVs or be heavily fined, a daft idea akin to taxing typewriter makers for not selling enough word processors. The changes allow suppliers to delay compliance to nearer 2030 when it is assumed demand will be higher; and it will likely be delayed again if it isn't. No government likes presiding over plant closures, even less so when their own policies are to blame. Which is the underlying issue. After the Thatcher revolution industrial policy was largely dead in Britain. We said goodbye to British Leyland and the militant union culture that accompanied decades of politicians 'picking losers' as national champions and repetitive bailouts, including eventually of UK plc by the IMF. However, it was put on life support by climate policies during the Blair/Brown years, creating low carbon markets that could only exist by extracting rent from the tax or bill payer in a hierarchy of plans, targets and controls. Then restored more widely in the 2010s by the Coalition Government, launching sector plans for strategic industries, including the automotive. State ownership might have been largely out, but state-direction was back, and the cosy low carbon-industrial complex emerged as an unhealthy expression of too close a relationship between business leaders and government. A template applied to the UK's pandemic response, yielding a host of procurement scandals, a useless app, and what essentially amounted to a ban on driving to most places, except perhaps Barnard Castle. Under Labour the sectors are now missions, and automotive sits within advanced manufacturing, with a nod towards low carbon (batteries), and artificial intelligence (self-drive). Also services, given most new cars are a finance deal on wheels sold as the dream of independence and an extension of your personality as much as a tool for getting from A to B. But in respect of organisation it's the same thing, talking shops and lobbying arms races to advantage your own firm's output. Manufacturers are then required to triangulate between the real market (anticipating what their customers want), political oversight (what politicians might say their customers should want), and as an afterthought supply (what they can actually build and still make a profit). So the Government will continue to produce EV targets and mandates, demand industry to dance to that tune, then change the record. The confusion will continue, and the costs of that certain uncertainty will be reflected in higher prices, lower demand, and a slower transition to newer vehicles, whether EVs or anything else. Car manufacturers may well be in the headlines again soon.
Yahoo
6 days ago
- Business
- Yahoo
3 Asian Dividend Stocks To Consider With Up To 4.8% Yield
As global markets respond with muted reactions to new U.S. tariffs, Asian economies are navigating a complex landscape marked by trade tensions and domestic economic challenges. In this environment, dividend stocks can offer investors a measure of stability and income potential, making them an attractive consideration for those looking to navigate the current market conditions in Asia. Top 10 Dividend Stocks In Asia Name Dividend Yield Dividend Rating Wuliangye YibinLtd (SZSE:000858) 5.06% ★★★★★★ NCD (TSE:4783) 4.36% ★★★★★★ Japan Excellent (TSE:8987) 4.26% ★★★★★★ HUAYU Automotive Systems (SHSE:600741) 4.32% ★★★★★★ Guangxi LiuYao Group (SHSE:603368) 4.36% ★★★★★★ GakkyushaLtd (TSE:9769) 4.47% ★★★★★★ DoshishaLtd (TSE:7483) 4.11% ★★★★★★ Daito Trust ConstructionLtd (TSE:1878) 4.47% ★★★★★★ Daicel (TSE:4202) 4.80% ★★★★★★ CAC Holdings (TSE:4725) 5.00% ★★★★★★ Click here to see the full list of 1203 stocks from our Top Asian Dividend Stocks screener. Here we highlight a subset of our preferred stocks from the screener. XEXYMIX Simply Wall St Dividend Rating: ★★★★☆☆ Overview: XEXYMIX Corporation manufactures and sells athleisure clothing in South Korea, with a market cap of ₩189.59 billion. Operations: XEXYMIX Corporation generates revenue from the following segments: Fashion at ₩276.22 billion and Advertising Agency at ₩10.22 billion. Dividend Yield: 3.7% XEXYMIX offers a dividend yield of 3.74%, placing it in the top 25% of KR market payers, with dividends well covered by cash flows (18.5% payout ratio). However, its dividend history is unstable, having been paid for only four years with volatility over this period. Despite trading at a 45% discount to estimated fair value and strong recent earnings growth (61.2%), its buyback program completed without further share repurchases since May 2025 may signal caution for investors seeking stability. Click here and access our complete dividend analysis report to understand the dynamics of XEXYMIX. Upon reviewing our latest valuation report, XEXYMIX's share price might be too pessimistic. China Starch Holdings Simply Wall St Dividend Rating: ★★★★☆☆ Overview: China Starch Holdings Limited is an investment holding company that manufactures and sells cornstarch, lysine, starch-based sweeteners, modified starch, and other corn-related products in the People's Republic of China with a market cap of approximately HK$1.25 billion. Operations: China Starch Holdings Limited generates revenue from its Upstream Products segment, amounting to CN¥9.26 billion, and its Fermented and Downstream Products segment, which contributes CN¥4.41 billion. Dividend Yield: 4.7% China Starch Holdings' dividend payments have been volatile and unreliable over the past decade, with a yield of 4.66%, below the Hong Kong market's top quartile. Despite this, dividends are well-covered by earnings and cash flows, evidenced by low payout ratios of 11.4% and 5%, respectively. The company trades significantly below its estimated fair value, and recent earnings growth of 346.7% may offer potential for future stability in dividend payouts. Dive into the specifics of China Starch Holdings here with our thorough dividend report. Insights from our recent valuation report point to the potential undervaluation of China Starch Holdings shares in the market. China Sunsine Chemical Holdings Simply Wall St Dividend Rating: ★★★★☆☆ Overview: China Sunsine Chemical Holdings Ltd. is an investment holding company that manufactures and sells specialty chemicals globally, with a market cap of SGD581.56 million. Operations: China Sunsine Chemical Holdings Ltd. generates its revenue primarily from Rubber Chemicals, contributing CN¥4.38 billion, along with smaller contributions from Heating Power at CN¥196.14 million and Waste Treatment at CN¥23.39 million. Dividend Yield: 4.9% China Sunsine Chemical Holdings has an unstable dividend track record, with recent increases including a final dividend of 2.0 Singapore cents and a special dividend of 1.0 Singapore cent per share for FY2024. Despite volatility, dividends are well-covered by earnings (24.1% payout ratio) and cash flows (34.5% cash payout ratio). The company is trading at a significant discount to its estimated fair value, supported by recent profit growth of 13.8%. Take a closer look at China Sunsine Chemical Holdings' potential here in our dividend report. Our valuation report unveils the possibility China Sunsine Chemical Holdings' shares may be trading at a discount. Taking Advantage Unlock more gems! Our Top Asian Dividend Stocks screener has unearthed 1200 more companies for you to here to unveil our expertly curated list of 1203 Top Asian Dividend Stocks. Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Want To Explore Some Alternatives? Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include KOSDAQ:A337930 SEHK:3838 and SGX:QES. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
Solvay revises its 2025 underlying EBITDA outlook and confirms its Free cash flow guidance
Regulated and inside information Brussels, July 14, 2025 - 7.15pm CEST In the second quarter, Solvay experienced a continuation of the soft market environment, impacted by ongoing global tariff discussions and heightened geopolitical tensions. This led to a progressive reduction of demand, and a slowdown in order books, particularly in certain soda ash end-markets and in the Coatis business unit. Visibility remains low and market conditions are expected to remain challenging throughout the second half of 2025. Based on this, Solvay is updating its 2025 outlook. Solvay now expects underlying EBITDA to be between €880 million and €930 million, assuming current FX levels for the second half. This compares to the previous outlook that was to reach the lower half of the range from €1.0 billion to €1.1 billion. Solvay confirms its Free Cash Flow from continued operations to Solvay shareholders to be around €300 million, with a maximum of €300 million of Capex, reflecting the management focus on cash generation and dividend cover. In the second quarter of 2025, Solvay expects an underlying EBITDA of approximately €230 million, including a one-off revenue gain of around €20 million in the Special Chem business unit. Due to the ongoing quiet period, Solvay will not further comment ahead of the Q2 2025 earnings release planned on July 30. Contacts Media relations Investor relations Peter Boelaert+32 479 30 91 59 Laetitia Van Minnenbruggen+32 484 65 30 47 Boris Cambon-Lalanne+32 471 55 37 49 Geoffroy d'Oultremont+32 478 88 32 96 About Solvay Solvay, a pioneering chemical company with a legacy rooted in founder Ernest Solvay's pivotal innovations in the soda ash process, is dedicated to delivering essential solutions globally through its workforce of around 9,000 employees. Since 1863, Solvay harnesses the power of chemistry to create innovative, sustainable solutions that answer the world's most essential needs such as purifying the air we breathe and the water we use, preserving our food supplies, protecting our health and well-being, creating eco-friendly clothing, making the tires of our cars more sustainable and cleaning and protecting our homes. Solvay's unwavering commitment drives the transition to a carbon-neutral future by 2050, underscoring its dedication to sustainability and a fair and just transition. As a world-leading company with €4.7 billion in underlying net sales in 2024, Solvay is listed on Euronext Brussels and Paris (SOLB). For more information about Solvay, please visit or follow Solvay on Linkedin. Safe harbor This press release may contain forward-looking information. Forward-looking statements describe expectations, plans, strategies, goals, future events or intentions. The achievement of forward-looking statements contained in this press release is subject to risks and uncertainties relating to a number of factors, including general economic factors, interest rate and foreign currency exchange rate fluctuations, changing market conditions, product competition, the nature of product development, impact of acquisitions and divestitures, restructurings, products withdrawals, regulatory approval processes, all-in scenario of R&I projects and other unusual items. Consequently, actual results or future events may differ materially from those expressed or implied by such forward-looking statements. Should known or unknown risks or uncertainties materialize, or should our assumptions prove inaccurate, actual results could vary materially from those anticipated. The Company undertakes no obligation to publicly update or revise any forward-looking statements. Ce communiqué de presse est également disponible en franç persbericht is ook in het Nederlands beschikbaar. Attachment Press Release
