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    Frank Claassen

    Senior Equity Analyst at Degroof Petercam

    Frank Claassen is a Senior Equity Analyst at Degroof Petercam in the Netherlands, specializing in research coverage of industrial and chemical companies including Bekaert, Fagron, and bpost. He has established a track record for analytical depth and market insight, regularly delivering investment recommendations reflected in consensus platforms, though specific rankings or quantitative performance metrics are not publicly disclosed. Claassen's career began at Rabo Securities NV and Coöperatieve Rabobank U.A. prior to joining Degroof Petercam, where he has held his current analyst role since at least 2011. His professional credentials include years of industry research experience and active coverage of listed firms, but information on securities licenses or FINRA registration is not available.

    Frank Claassen's questions to SOLVAY S A /ADR/ (SLVYY) leadership

    Frank Claassen's questions to SOLVAY S A /ADR/ (SLVYY) leadership • Q4 2023

    Question

    Inquired about the high capital expenditures in 2023, its drivers, and the outlook for 2024, including key projects.

    Answer

    Executives explained that 2023 CapEx was intentionally high due to strong demand in the first half, funding growth projects like the US soda ash expansion. For 2024, they are taking a more prudent approach, focusing on essential CapEx (around €260 million for sustenance and energy transition) and will only invest in growth if demand picks up, demonstrating flexibility to protect the dividend.

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