Solvay S.A. : Solvay provides additional 2012 quarterly restated financial information
(Thomson Reuters ONE) -
Brussels, March 25th 2013 --- Solvay today published quarterly unaudited
restated results for 2012 taking into account the Group's new organization
structure and Solvay Indupa discontinued operations. The Group announced at the
beginning of this year a redesigned organization, comprising five Operating
Segments as opposed to the formerly prevailing three Sectors. The newly set
Operating Segments, effective since January 1st 2013 reflect the different
business models most adequate to the diverse business drivers and competitive
dynamics across the Group's portfolio, ensuring focus on the critical levers for
success.
In this context, the company provided quarterly restated Net Sales and Adjusted
REBITDA segment information for 2012 comparable to its new segment reporting.
Under the current segment reporting, there are changes in the allocation
criteria of formerly non-allocated elements and other structure costs between
the corporate functions and operating segments.
On the other hand, Solvay has classified its affiliate Solvay Indupa as an
"asset held for sale" and has booked it retrospectively as a discontinued
operation as of January 1st 2012.
Solvay considers that this set of restated quarterly Profit and Loss financial
statements data provides the most meaningful year-over-year economic performance
comparison base going forward.
The press release is available here on Solvay's website.
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Source: Solvay S.A. via Thomson Reuters ONE
[HUG#1687688]
Unternehmensinformation / Kurzprofil:
Datum: 25.03.2013 - 08:31 Uhr
Sprache: Deutsch
News-ID 242560
Anzahl Zeichen: 2259
contact information:
Town:
Brussels
Kategorie:
Business News
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