Financial Statements - Solvay

18
Solvay Global Annual Report 2008
Financial Information per Share
Earnings per share
Net income of the Group (EUR 449 million) declined
by 46% compared with 2007. Minority interests are
EUR 44 million compared with EUR 47 million in 2007.
Net earnings per share amounts to EUR 4.92 in 2008
(EUR 9.46 in 2007).
Dividend
The Board of Directors of February 18, 2009 decided to
propose to the Ordinary Shareholders’ Meeting of May 12,
2009 the payment of a gross dividend of EUR 2.9333
(EUR 2.20 net) per share, which is identical to 2007. Based
on the closing price at February 17, 2009 (EUR 52.67),
this represents a gross dividend yield of 5.6% and a net
dividend yield of 4.2%.
Given the interim dividend of EUR 1.20 gross per share
(coupon no. 83) paid on January 15, 2009, the balance
of the dividend in respect of 2008, equal to EUR 1.7333
gross per share (coupon no. 84), will be paid on May 19,
2009.
This increase is in line with Group’s dividend policy of
increasing the dividend whenever possible and, as far as
possible, never reducing it. Over the past 27 years the
dividend has been steadily increased and never reduced.
Gross and net dividend per share (in EUR)
3.0
2.5
2.0
1.5
1.0
0.5
0.0
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2004
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2005
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Net dividend Gross Dividend
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2006
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Parent company results
(Solvay SA)
Solvay SA is a holding company. Its income comes
essentially from managing a portfolio of investments.
The operating result represents the balance of the head
offi ce operating costs partially offset by income from
industrial and commercial activities not undertaken through
subsidiaries.
EUR million 2007 2008
Profi t for the year available for
distribution
479 376
Carried forward 550 780
Total available to the General
Shareholders’ Meeting
1 029 1 157
Appropriation:
Gross dividend 249 249
Carried forward 780 908
Total 1 029 1 157
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2007
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2.20
2008
2.93