Report

Tessenderlo : Preview 2H20 results due 25 March

>We forecast adjusted EBITDA of € 126m, 4% below consensus - Tessenderlo will report its 2H20 results on 25 March at 08.00 CET followed by a conference call at 15.00. We forecast adjusted EBITDA of € 126m, up 2% yoy and 4% below consensus (company-compiled).We are below consensus on Agro and Bio-valorization - We expect 2H20 revenue of € 798m, down 2% yoy and 2% below of consensus. We forecast Agro adjusted EBITDA of € 43m, 10% down yoy and 7% below c...
Underlying
Tessenderlo Group N.V.

Tessenderlo Group is engaged in providing solutions for food, agriculture, water management and use and re-use of natural resources. Co. has three operating segments: Agro, which is engaged in the production and marketing of crop nutrients (liquid crop fertilizers and Sulfate of Potash) and crop protection products; Bio-Valorization, which combines Co.'s activities in animal by-product processing, comprised of Akiolis (rendering, production and sales of proteins and fats) and PB Gelatins (production and sales of gelatins); and Industrial Solutions, with activities including the production and sales of plastic pipes systems and water treatment chemicals.

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.

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