Covestro AG : Q3 EBITDA 6% below cons; narrowed guidance (€ 1.7-1.8bn, cons €1.83bn) still 'a stretch'; M2M (Sep) suggests € 900m for 2023 (cons € 1.6bn)
>Q3 EBITDA 6%/8% below cons/ODDO BHF - Q3 EBITDA of € 302m came in lower than expected, 6% below the consensus forecast of € 320m (ODDO BHF € 327m), i.e. at the very low end of the € 300-400m guidance range. Q3 2022 is sequentially down 45% q-o-q vs € 547m in Q2 2022. € 561m y-o-y EBITDA decline was primarily fuelled by a worsening € 626m adverse price vs costs delta (Q2 2022: -€ 215m) as high European energy costs hit P&L. Volumes declined 5.7% y-o-y, resulting in ...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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