Avantium : Underwhelming H1 as royalty payments and (potentially) cash under stress
>H1 results were below our estimates, new facility launch in October 2024 - Avantium reported its 2024 H1 results where total revenues (including other income) came at €11.3m, -19% lower than our expectation of €13.9m. Largely the difference was in our expectation of higher revenues both in Renewable Polymers and R&D Solutions Business. On a per segment basis, R&D Solutions, along with securing €7.5m in committed orders which is an 88% yoy increase, showed sales came ...Avantium NV Formerly known as Avantium Holding BV. Avantium NV, formerly Avantium Holding BV, is a company based in the Netherlands engaged in environmental research and development (R&D). The Company develops chemical technologies and production processes to convert bio-based feedstock into sustainable products. The Company's business comprises three segments: Catalysis, Renewable Chemistries, and YXY. Catalysis segment provides catalysis R&D services and systems to chemical, refinery and energy companies, utilizing its Flowrence Technology Platform to devise the appropriate catalyst testing solutions. Renewable Chemistries is the development division with a portfolio of projects focusing on the conversion of biomass to chemical building blocks and plastic materials. The YXY segment comprises the activities of Syviana, the joint venture with BASF SE. The YXY technology is used to convert plant-based sugars into chemical building blocks for plastics, such as polymer polyethylenefuranoate (PEF), and other applications.
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.
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