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SectorsBasic MaterialsChemicalsEvonik Industries AG


EVK — EVONIK INDUSTRIES AG NEWS STORY

€24.400.03+0.12%
Last trade - Yesterday at 16:35 UTC
Basic MaterialsBalancedLarge CapNeutral
 * Market Cap
   €11.36bn
 * Enterprise Value
   €14.06bn
 * Revenue
   €14.96bn

 * Quality
   77
 * Value
   78
 * Momentum
   50
 * StockRank™
   80

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   * Balance sheet
   * Income statement
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   * Dividend summary
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 * EVK Dividends

All News


BUZZ-JPM, JEFFERIES PICK EUROPEAN CHEMICALS IN 'CHOPPY' START TO 2022

Evonik Industries AG
26/01/2022 07:20

** JPMorgan and Jefferies are upbeat on European chemical
companies for 2022, amid robust cyclical demand and real pricing
increases for industrial gases, despite early supply chain and
COVID-19 disruptions
    ** Though Q4 should be in line if not better, boosted by
robust demand and an uplift in the U.S., JPM warns of some Q1
"choppiness" over Omicron that could prompt cautious guidance
for 2022
    ** JPM prepares for "significant moderation" of commodity
chemical prices throughout the year, even for fertilizer cos who
saw a recent pullback but could see better pricing in Q1 as
seasonal demand picks up amid limited supply
    ** The brokers warn of ongoing supply chain issues, wages
and logistics inflation even as Omicron risks depleting
workforces and further auto production halts in Asia - knocking
into demand for coatings
    ** Both brokers like Air Liquide  AIRP.PA  and BASF
 BASFn.DE  but are are negative on Umicore  UMI.BR  - whose
cathode material business faces structural challenges
    ** JPM also favours Solvay  SOLB.BR , Brenntag  BNRGn.DE  
and Evonik  EVKn.DE , while Jefferies likes Arkema  AKE.PA ,
Lanxess  LXSG.DE , Novozymes  NZYMb.CO  and fast-growing Symrise
 SY1G.DE  
    ** JPM is cautious on Croda  CRDA.L  and K+S  SDFGn.DE ,
while Jefferies is short on AkzoNobel  AKZO.AS , Givaudan
 GIVN.S  and Johnson Matthey  JMAT.L  

 (Reporting by Sarah Morland)
 ((sarah.morland@tr.com
mailto:sarah.morland@thomsonreuters.com))


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