Materials reported a more than strong performance in Q2. Strong demand came from its usual suspects (automotive, electronics & electrics) and the restocking along the full value chain. This development come not fully out of the blue, but was more pronounced than expected by the consensus (top line: +2.9%; adjusted EBITDA: +9.3%). Reported figures fit into our broad picture as the company sees a more challenging H2 21, which is in line with our expectations.
03 Aug 2021
Materials punched beyond its weight
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Materials punched beyond its weight
Downing Strategic Micro-Cap Investment Trust PLC GBP (DSM:LON) | 0 0 0.0% | Mkt Cap: 28.7m
- Published:
03 Aug 2021 -
Author:
Martin Schnee -
Pages:
4
Materials reported a more than strong performance in Q2. Strong demand came from its usual suspects (automotive, electronics & electrics) and the restocking along the full value chain. This development come not fully out of the blue, but was more pronounced than expected by the consensus (top line: +2.9%; adjusted EBITDA: +9.3%). Reported figures fit into our broad picture as the company sees a more challenging H2 21, which is in line with our expectations.