Covestro AG : Q2 EBITDA 3% ahead of css on good volumes; outlook mid-point lowered to € 1.2bn (€ 1.3bn) on lower margins (-4% css d/s), no update on ADNOC
>Q2 EBITDA of € 320m 3% above css of € 311m (ODDO BHF € 284m) on 10% y-o-y volume recovery - Q2 EBITDA of € 320m came in 3% ahead of the consensus forecast of € 311m (ODDO BHF € 284m) on a better contribution from PM. Q2 24 was sequentially up 17% q-o-q compared to € 273m in Q1 24 but still below last year's comparison base of € 385m in Q2 23. The € 65m y-o-y EBITDA decline was primarily fuelled by the € 136m from volume recovery to 10% y-o-y (Q1 24: 10.9% y-o-y)....Covestro AG is a global supplier of high-tech polymer materials and application solutions developed for these materials. Co. produces precursors for polyurethane foams and the high-performance plastic polycarbonate in addition to raw materials for coatings, adhesives and sealants as well as specialty products, including high-quality films. Other precursors such as chlorine and by-products like styrene are part of Co.'s range of products.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.