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home / news releases / EVKIY - Evonik: Another Exit In A Low Margin Division

EVKIY - Evonik: Another Exit In A Low Margin Division

Evonik Industries AG ADR

2024-03-27 11:52:47 ET

Summary

  • The company met its 2023 forecast despite a challenging environment, with positive performances in the Nutrition & Care division.
  • Evonik confirmed its dividend per share thanks to a solid FCF and a supportive cash conversion rate.
  • With conservative 2024 guidance and a discount on peers' valuation, our buy rating is then confirmed.

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For further details see:

Evonik: Another Exit In A Low Margin Division
Stock Information
Company Name: Evonik Industries AG ADR
Stock Symbol: EVKIY
Market: OTC
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