Streetbeat News

EVKIF

Evonik Industries AG

https://corporate.evonik.de/

Industry

Paint and Coating Manufacturing

Open

21.64

Mkt cap

8.6B

Volume

High

21.64

P/E Ratio

36.27

52-wk high

23.40

Low

18.50

Div yield

0.07

52-wk low

17.90

Evonik is undergoing restructuring with a focus on growth and efficiency, but results are mixed due to challenging macro conditions. Despite stable 3Q24 results, growth forecasts haven't fully materialized, leading to a conservative 'Buy' rating. High dividend yield and potential earnings reversal make it an attractive investment despite volatility.

Portfolio Pulse from

November 26, 2024 | 3:15 pm

Evonik Industries AG held its Q3 2024 earnings call, discussing financial performance and future outlook. Key participants included CEO Christian Kullmann and CFO Maike Schuh, with analysts from major financial institutions attending.

Portfolio Pulse from

November 09, 2024 | 11:45 pm

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