In € million

 

2018

 

2017

Operating income

 

1,024

 

967

Sales

 

11

 

9

Other operating income

 

1,013

 

959

Operating expenses

 

(982)

 

(829)

Operating profit

 

42

 

138

Financial income and expenses

 

495

 

617

Profit for the year before taxes

 

537

 

755

Income taxes

 

(11)

 

(23)

Profit for the year

 

526

 

733

Profit for the year available for distribution

 

526

 

733

In 2018, the profit for the year of Solvay SA amounted in 2018 to € 526 million, compared with € 733 million in 2017.

It includes:

  • the operating result amounting to € 42 million, compared with € 138 million in 2017. The decrease is mainly driven by lower recharges to affiliates;
  • financial gains and losses of which:
  • dividends received from its various financial investments amounting to € 177 million, as against € 239 million in 2017;
  • the differential between interest expense and income on its financing activities amounting to € (62) million, compared with an amount of € (102) million in 2017;
  • other net financial profit of € 380 million mainly resulting from the contribution of Ausimont shares to the company Solvay Holding Inc (€ 367 million) compared with a profit of € 481 million in 2017 resulting from a sale of investments within the Group (€ 475 million).

An amount of € 6,833 million including the profit for the year is available for distribution.