Nov 07, 2019 / 01:00PM GMT
Operator
Welcome to Solvay's third quarter's earning and strategy update call. We're sorry to start a couple of minutes late due to a technical issue with the recording. Today, Karim will begin by reviewing our Q3 and 9 months results, and Ilham will then follow with an overview of Solvay's new group strategy, and then we will open up for Q&A.
For those who follow-up to the conf call, a copy of the webcast materials can be found on our website. Now I'd like to turn over the call to Karim.
Karim Hajjar - Solvay SA - CFO & Member of the Executive Committee
Thank you, Jeff. Good morning, and good afternoon. I will begin on Slide 4. As we anticipated, the macro headwinds we experienced in the first half of the year continued into the third quarter. They proved to be consistently stronger than economic indicators were telling us in the last 6 to 9 months. This impacted key markets, mainly automotive, electronics and oil and gas, which represents around 25% of our sales.
To illustrate the point, worldwide vehicle production for 2019 was predicted to
Q3 2019 Solvay SA Earnings & Strategy Review Call Transcript
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot