Report
Michael B. Schäfer

Evonik Industries AG : Q4 EBITDA 8% below consensus on 'other' activities, FY 2023 EBITDA outlook in-line, flat dividend yields good at 6%

>11% decline in volumes offset by resilient prices - Group sales grew 6% y-o-y to € 4,341m in Q4 2022 (consensus at € 4,434m) with the continuation of the decline in group volumes, down by -11% y-o-y (Q3 2022: -7%) offset by price effects at +11% (Q3 2022: +17% y-o-y).Q4 EBITDA 8% below the consensus on ‘other’ activities - Group EBITDA was € 413m, 8% below the consensus (consensus/ODDO BHF at, respectively, € 451m/€ 424m), down 33% q-o-q vs Q3 at € 6...
Underlying
Evonik Industries AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Michael B. Schäfer

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