Evonik Industries AG : Slight Q4-miss on 1-off, outlook in line with strong start pointing to upper end (€ 2.6bn vs. cons € 2,564m), div increase by 2ct to € 1.17 (yield 4.4%)
>Pricing accelerated further in Q4, slight miss of Q4 EBITDA consensus on € 20m 1-off burden in ‘other’ - Group sales gained 27% y-o-y to € 4,093m in Q4 21 (cons € 3,753m) with constrained group volumes (+3% y-o-y) and price +19%. Pricing accelerated q-o-q vs 15% in Q3 across all segments. Group EBITDA of € 501m was 5% below cons (ODDO BHF/cons € 513m/€ 529m) on €20m 1-off burden in 'other', up 20% y/y and seasonally down vs. Q3 21 level of €645m. Implied margin furth...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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