FILE PHOTO: The logo of Belgian chemical group Solvay is seen at its headquarters in Brussels, Belgium, July 29, 2015. REUTERS/Francois Lenoir
(Reuters) - Solvay SA on Wednesday raised its full-year core profit forecast after the Belgian chemicals group reported higher-than-expected first-quarter earnings, helped by price increases and volume growth.
The group, which makes lithium derivatives for batteries, now expects its full-year underlying earnings before interest, tax, depreciation and amortization (EBITDA) to grow by mid- to high-single digits, after it had previously forecast mid-single digit percentage growth.
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