Evonik Industries AG : Preview Q3: Good Q3, OpFCF strength lasts; self-help already points to consensus upside for 2025
>Good Q3 results ahead, despite headwinds in Performance Materials (upstream) - Evonik is due to report good Q3 2024 results on 6 November 2024. We project adj. EBITDA of € 564m, up 16% y/y and slightly down by 3% q/q compared to € 578m reported in Q2 24. Summer lull may sequentially weigh on Specialty Additives (€ 200m vs. € 220m in Q2 24). We expect sequential volume recovery from the restart of its expanded methionine capacity in Singapore (from 300kt to 340ktpy) t...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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