Evonik Industries AG : Final Q1 EBITDA of € 522m = prelims; FY outlook confirmed mid-April; Q2 flat q-o-q is good vs € 504m css, brings upper end within reach, i.e. +7% css
>Final Q1 in line with strong mid-April preliminaries - Evonik reported its final Q1 results today, confirming the preliminary results issued mid-April when Q1 EBITDA of € 522m came in 16% above the consensus of € 450m thanks to much better specialty additives. The outlook for EBITDA 24 of € 1.7-2.0bn (css € 1.9bn) was already confirmed in mid-April.Final Q1 24 EBITDA of € 522m confirms preliminary results, FCF growth on tight NWC management - Evonik...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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