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    Tristan Lamotte • Deutsche Bank

    Tristan Lamotte's questions to Solvay SA (SLVYY) leadership

    Tristan Lamotte's questions to Solvay SA (SLVYY) leadership • Q1 2025

    Question

    Tristan Lamotte from Deutsche Bank AG asked for the rationale behind expecting a second-half step-up to meet guidance and questioned the outlook for soda ash, including the potential for further price and volume downside.

    Answer

    CEO Philippe Kehren explained the H2 improvement is expected from the ramp-up of cost savings and new business opportunities. For soda ash, he anticipates stability in Europe and North America with continued volatility in seaborne markets. However, he sees limited further downside risk to seaborne prices, as they are at low levels where many Chinese producers are operating at a negative contribution.

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    Tristan Lamotte's questions to Solvay SA (SLVYY) leadership • Q2 2024

    Question

    Tristan Lamotte asked for specifics on where the company sees potential order book softness or destocking risks and inquired if Q4 should now be considered seasonally larger than Q3 for the new Solvay.

    Answer

    CEO Philippe Kehren clarified that the mention of destocking was a general risk to keep in mind, not something currently visible in the order book, which looks stable. He stated that, generally speaking, there is 'not a lot of seasonality' in Solvay's businesses and that visibility remains short-term.

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