Report
Michael B. Schäfer

Evonik Industries AG : Solid. Q2 EBITDA € 509m in line with css, -12% y-o-y largely on weak C4; OpFCF weak on NWC; low end of € 2-2.3bn range, in line with css (€ 2.02bn)

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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