Solvay provides additional 2011 quarterly adjusted pro forma information
Brussels, March 26th, 2012 - Solvay today provided 2011 quarterly unaudited pro forma results for the combined Group as if the Rhodia acquisition had become effective on January 1st, 2011.
The pro forma financial statements have been adjusted to reflect new income statement classifications for certain items applied on former legacy Solvay and Rhodia in order to present harmonized accounting rules that will be used by Solvay going forward. These results exclude impacts from:
| i) ii) iii) | purchase price allocation entries; non-recurring acquisition costs related to the Rhodia transaction and financial revenues on cash deposits and investments. |
For memory, the consolidation of Rhodia's Income Statement into the Solvay Group was started from October 1st, 2011.
Solvay believes that this set of pro forma financial statements provides the most meaningful year-over-year economic performance comparison going forward.
The additional 2011 quarterly adjusted pro forma information is available on Solvay's website in English, French and Dutch.