Report
Michael B. Schäfer

Evonik Industries AG : Roadshow feedback: Net savings outlook 2025 underpins € 2.2bn EBITDA 2025 consensus, operational improvement would come on top

>Net savings bridge into 2025 clearly positive expected, underpinning current consensus growth, operational tailwind on top - We hosted a roadshow with Senior IR of Evonik, confirming good self-help-based visibility into 2025. Factor cost inflation of +€ 200m in 2025 is expected to be largely compensated by internal process/yield optimisation, leaving mid 2-digit €m net factor increase as an initial tailwind. € 175m higher cost savings from TailorMade and continuing o...
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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