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    Frank Classen

    Senior Equity Analyst at Degroof Petercam

    Frank Claassen is a Senior Equity Analyst at Degroof Petercam in the Netherlands, focusing on industrials and chemicals with coverage including major listed companies such as bpost, Solvay, Bekaert, and Fagron. As lead analyst, Claassen has delivered sector insights and investment recommendations recognized in market consensus, though public, quantified performance metrics or third-party rankings are not available. He began his career as a Research Analyst at Rabo Securities NV before joining Degroof Petercam, where his expertise in European industrials and specialty chemicals has been widely acknowledged by investors and corporates alike. Professional credentials such as FINRA registration are not publicly documented, and no specific securities licenses or major industry awards are presently listed.

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

    Frank Classen's questions to SOLVAY S A /ADR/ (SLVYY) leadership • Q1 2024

    Question

    Frank Classen of Degroof Petercam requested more detail on the phasing and key projects for the cost savings initiative for the remainder of the year, following the EUR 19 million achieved in Q1.

    Answer

    CEO Philippe Kehren stated that more savings are expected quickly from digitalization initiatives, while organizational and IT system changes will contribute over a longer period. He committed to providing a full update on the cost savings plan and the 2024 projection during the Q2 2024 earnings presentation.

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