The Q3 21 results were broadly in line with the street’s expectations.
The nice margins were supported by volumes but, most of all and as expected, prices.
The outlook is supportive for Q4 21/Q1 22.
Net debt is at record low levels (US$3.9bn).
A new US$1bn share buy-back was announced.
We will fine-tune our numbers, with probably no big change to our estimates.
11 Nov 2021
Q3 21 in line, still a sound context but no surprises
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Q3 21 in line, still a sound context but no surprises
The Q3 21 results were broadly in line with the street’s expectations.
The nice margins were supported by volumes but, most of all and as expected, prices.
The outlook is supportive for Q4 21/Q1 22.
Net debt is at record low levels (US$3.9bn).
A new US$1bn share buy-back was announced.
We will fine-tune our numbers, with probably no big change to our estimates.