At constant scope and relative to average 2017 forex levels, Solvay expects full year underlying EBITDA to grow 5% to 7% organically, mainly driven by Advanced Materials and Advanced Formulations.

Advanced Materials

Growth will be driven by broad-based demand expansion in its key end-markets, including aerospace, automotive, electronics, batteries and healthcare, and supported by operational excellence.

Advanced Formulations

Growth will be driven by an increased demand in mining, some further improvement in oil and gas, and positive net pricing;

Performance Chemicals

Profitability will be impacted by current higher energy prices that will weigh on soda ash margins, despite operational excellence and growth in Peroxides.

Free cash flow from continued operations is expected to exceed the 2017 level of €782 million.

An integral part of our sustainable value creation is the targeted improvement in extra-financial objectives. After the strong delivery in 2017, we expect to continue to improve our greenhouse gas intensity, and to further enhance the prominence of sustainable solutions in our portfolio.