Evonik Industries AG : Solid Q3, EBITDA in line; € 2.5-2.6bn outlook range confirmed, mid-point in line with consensus
>Strong pricing continued with 17% y-o-y in Q3, volumes -7% - Group sales gained 26% y-o-y to € 4,878m in Q3 2022 (consensus € 4,386m) with continuation of the N&C hit (China lockdown effects dragging on, supply chain issues in healthcare) and declines across all other segments weighing on group volumes (-7% y-o-y), more than compensated by pricing effects at +17% (Q2 2022: +24% y-o-y). Group EBITDA of € 615m in line with consensus (consensus/ODDO BHF € 6...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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