Evonik Industries AG : CMD summary - Mid-term targets and progressive dividend policy confirmed, exit from cyclical PM initiated, Q2 may come in 'strong' as well
>Transition towards lower cyclicality and acceleration of growth areas on-track with mid-term targets confirmed and Q2 off to a good start - Evonik hosted a strategy CMD, confirming their mid-term targets including a more pronounced sales growth outlook. The transition accelerated with C4 value chain put up for JV/disposal on top of superabsorbents and others with combined sales of € 2.7bn (18% of group) and estimated € 2.0-2.5bn disposal EV. The strategy of 'Reliable...Steag, through its subsidiaries, is engaged mainly in power generation and related industries. Co.'s business is divided into five units: Power generation, Decentralized Energy Supply, Foreign Power Plants, Gas Distribution, and Coal Trading.
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