Frank Classen's questions to Solvay SA (SLVYY) leadership • Q1 2024
Question
Frank Classen from Degroof Petercam requested more detail on the cost savings plan, including the expected trajectory for the remainder of the year and the phasing of key projects.
Answer
CEO Philippe Kehren indicated that savings from digitalization are expected to accelerate, while benefits from organizational changes and IT investments will take more time to materialize. He committed to providing a full update on the cost-saving initiatives and the 2024 projection during the Q2 earnings presentation.