Belgian chemicals giant Solvay reported record earnings of €2.35 billion last year, with shares soaring by 2.5% on the Euronext exchange.
The group, whose headquarters is in Brussels and which employs some 23,000 workers across 60-odd countries, said the results were all the more encouraging given rising inflation and energy costs over the accounting period.
The 27% increase in root earnings before interest, taxes, depreciation, and amortization (EBITDA) came amid a 17% rise in net turnover, nearly one-third of which was attributed to strong shares performance.
The company proposed a dividend of €3.85 per share, trading at €108 up 2.52% at 10:20am.
