Solvay Sa Act (SVYSF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and welcome to Solvay's first quarter of 2026 earnings call. I'm Geoffrey Loutremont, Head of Investor Relations, and I'm joined today by our CEO, Philippe Quérin, and our CFO, Alexandre Blum. This call is being recorded and will be accessible for replay on the Investor Relations section of Solvay's website later today. We'd like to remind you that the presentation includes forward-looking statements that are subject to risk and uncertainties. And the slides presented in today's call are also available on our website. Let's get started. Philippe, over to you. Thank you, Geoffroy, and hello, everyone. As you know, safety is at the core of our operations, and we continue to work hard on the different programs we have in place in the organization, and they are already delivering tangible results. A word also on our Solvay employees located in the Middle East. They are all safe and this is our top priority. We monitor the situation on a daily basis and we are ready to act swiftly to support them if necessary. Turning now to the results on slide six. Our first quarter shows the resilience of Solvay in a macro environment that continues to be challenging. Overall, the situation in the Middle East had a limited impact on our results this quarter, although there are several effects that we are actively mitigating. The most direct impact concerns our Saudi Arabian HPPO peroxides business, with production temporarily suspended since mid-March. We follow the situation very closely and we will be ready to start up again as soon as the situation clarifies. Then the conflict has a direct impact on our energy, raw materials and transportation costs. We are mitigating this with price increases, including the activation of pass-through closures in our energy...