Evonik Industries AG : Good Q2 with EBITDA 4% above consensus, FY EBITDA outlook lifted to € 2.6bn ('well underpinned', in line). FCF outlook down by € 200m on NWC
>Pricing accelerated further to +24% in Q2 - Group sales gained 31% y-o-y to € 4,772m in Q2 2022 (consensus € 4,445m) with N&C-hit (China lockdown) decline in group volumes (-2% y-o-y) more than compensated by continuing acceleration in pricing to +24% y-o-y vs +22% reported in Q1 2022. Group EBITDA 4% above consensus, up 12% y-o-y to € 728m - Group EBITDA of € 728m was 4% above the consensus (ODDO BHF/consensus € 672m/€ 700m) fuelled by all segments...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.
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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