Evonik Industries AG : More ‘visibility’, less ‘hope’ baked into outlook for 2024 – differentiates from sector peers
>‘Considerably' better Q1 2024 y-o-y, i.e. +14% on the cards in EBITDA, we think - Management confirmed that volume recovery across most Specialty Additives business units, volume- & price-driven animal nutrition recovery q-o-q, lower energy, logistics and fixed costs support expected 'considerable' adj. EBITDA recovery in Q1 2024. We project 14% y-o-y or € 58m recovery from € 409m in Q1 2023 to € 467m. N&C segment EBITDA may contribute € 70m to the growth. Annual g...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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