Evonik Industries AG : Joining the list of warnings on Q2 & H2, not unexpected; remains top dividend payer at a discount
>Preliminary Q2 EBITDA seen at € 430-450m, only slightly better than Q1 - Evonik joined the list of chemicals profit warnings on Q2, with a flat h-o-h outlook for H2 and reduced FY 23 outlook. Preliminary EBITDA in Q2 23 is seen between € 430-450m, slightly up q-o-q (€ 409m) and still slightly below the consensus at € 457m. A much weaker-than-expected recovery in May/June and weak end market demand across all end markets as well as customer destocking have weighed on ...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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