Report

INEOS Group Holdings : A deleveraging promise that needs to be kept

The coronavirus crisis has taken a heavy toll on INEOS Group Holdings' H1 2020 operating results (sales -22%, EBITDA -39%). That said, FCF generation has helped IGH to maintain ample liquidity and steady net debt, and to limit leverage growth. The recovery in volumes since the end of the first half has prompted management to be confident that its earnings will improve by the end of 2020 and rebound in 2021. Even so, visibility remains limited in certain markets and this scenario ...
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.

Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch