Evonik Industries AG : Q4 EBITDA headline -4% vs css, but 10% better excl. 1-offs; outlook mid-point of € 1.85bn fully in line with css, good start with Q1 2024>Q1 2023
>Q4: Fading group volume decline, positive pricing in animal nutrition - Group sales declined 17% y-o-y to € 3,604m in Q4 2023 (consensus € 3,811m) with still declining but fading group volume headwind by -2% y-o-y (Q3 2023: -5% y-o-y) and pricing effect of -5% y-o-y (Q3 2023: -6%) with positive price trend in animal nutrition mitigating headwinds in Specialty Additives and Smart Materials.Group EBITDA of € 312m -4% vs css of € 325m but digested € 50m exc...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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