Covestro AG : EBITDA 2023 seen '2-digit % down'. M2M guidance € 1bn 20% below cons.; FCF 2023 2-digit €m vs € 646m cons. on strong NWC release already in Q4
>Final Q4 largely in line with preliminaries reported 13 January - Final Q4 2022 results largely confirm preliminary results reported 13 January 2023 with an EBITDA loss of -€ 38m (prelim -€ 45m) in Q4 (FY 2022 € 1,617m) and FY 2022 FCF of € 138m (€ 130m). Writedowns pushed net income to a negative -€ 272m (prelim -€ 300m) in FY 2022.Outlook - EBITDA 2023 seen '2-digit %' down y-o-y with M2M (Jan 23) pointing to € 1bn vs € 1.2bn cons. - Qualitative ou...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.
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