(Reuters) - Belgian chemicals group Solvay (EBR:SOLB) raised its full-year guidance on Monday, saying it sees higher-than-expected third-quarter core profit.
The group expects its earnings before interest, tax, depreciation and appreciation (EBITDA) for 2022 to be around 28% organic growth compared to 2021, compared to the previous guidance of 14% to 18%.
Solvay said it sees its third quarter net sales reaching around 3.6 billion euros ($3.54 billion) and underlying EBITDA to come in at around 900 million euros, which it says is significantly higher than previous estimates.
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