Report
INEOS Quattro : Things seem to have stabilized, but an economic rebound is needed to drive significant credit metrics improvement
INEOS Quattro, as the whole chemical industry, has suffered from the destocking trends seen since H2 2022, which coupled with the inflationary environment, have led to a significant reduction of its profitability. Although net leverage has spiked as a result, the company is able to generate positive FCF while it continues to enjoy good access to capital markets to manage its debt maturities. Going ahead, the situation seems to have stabilized but an economic rebound, notably in A...
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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.
Mateo Salcedo
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