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    Wim Hoste

    Senior Equity Analyst at KBCS

    Wim Hoste is a Senior Equity Analyst at KBC Securities (KBCS), specializing in the chemicals and breweries sectors with in-depth coverage of major companies such as Heineken NV. Renowned for his detailed research, Hoste's analyses on Heineken in particular have featured insightful performance estimates, including 1H organic operating profit growth metrics and multi-year CAGR forecasts, reflecting accuracy in both sector trends and individual company earnings. Hoste joined KBC Securities prior to 2023 and has built a strong track record of sector expertise after earlier experience in financial research, consistently delivering value-driven analytics for institutional clients. He maintains professional registration under Belgian FSMA regulation and demonstrates compliance with EU MiFID II standards for research analysts.

    Wim Hoste's questions to SOLVAY S A /ADR/ (SLVYY) leadership

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

    Question

    Asked for guidance on 2024 debt service costs and for the medium-term outlook on the soda ash market, considering Chinese demand and capacity.

    Answer

    The annual cost for the total net debt is about €100 million. The midterm outlook for soda ash remains very good, supported by strong demand trends (glass, detergents, bicarbonate). While Chinese construction is down, this is offset by growth in other areas like solar panels. New Chinese capacity is for the domestic market, and the global market is expected to tighten as no other significant capacity is being built yet.

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