Evonik Industries AG : Q3 EBITDA 6% > css on better Animal Nutrition, costs; outlook confirmed, leaving € 1.7bn EBITDA mid-point in-line with css; strong OpFCF of c. € 700m
>Group sales declined 21% y-o-y to € 3,771m incl. -5/-6% volume/price y-o-y - Group sales declined 21% y-o-y to € 3,771m in Q3 23 (cons € 3,978m) with a continuation of the decline in group volumes by 5% y-o-y (Q2 23: -9% y-o-y) and a pricing effect of -6% (Q2 23: -5%). Specialty Additives and Smart Materials volumes continued to drop by a double-digit %, mitigated by volume growth in Nutrition & Care.Group EBITDA of € 485m was 6% above consensus of € 456...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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