Evonik Industries AG : Preview - Good Q2 opens door for guidance raise
>Q2 potentially better than initially thought, EBITDA up 6% q-o-q excluding licence income reported in Q1 - Evonik is due to report a good set of Q2 results on 1 August. We project adj. EBITDA to gain 19% y-o-y to € 536m (css € 531m) and 3% q-o-q compared with Q1 2024 results of € 522m and flat q-o-q company guidance. Q1 included € 15m licence income from selling a HPPO processing technology licence. Adjusted for that, Q2 2024 EBITDA may grow 6% q-o-q. Ex...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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