This development had been anticipated due to the higher available capacities and lower raw materials. Along the value chain, the lower demand from the automotive industry were a burden. All in all, the Q1 figures came in slightly stronger than expected, especially at the profitability level and beat consensus. However, Q2 looks like becoming more challenging than previously expected (larger maintenance turnarounds).
03 May 2019
Weak development of the early parts of the value chain
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Weak development of the early parts of the value chain
This development had been anticipated due to the higher available capacities and lower raw materials. Along the value chain, the lower demand from the automotive industry were a burden. All in all, the Q1 figures came in slightly stronger than expected, especially at the profitability level and beat consensus. However, Q2 looks like becoming more challenging than previously expected (larger maintenance turnarounds).