Germany's H&R KGaA H1 EBITDA more than doubles on higher feedstock prices
Germany's H&R KGaA H1 EBITDA more than doubles on higher feedstock prices
Overview
Germany specialty chemicals producer's preliminary H1 revenue rose yr/yr to EUR 700.4 mln
Preliminary H1 EBITDA more than doubled, driven by higher feedstock prices and refining segment
Company expects to exceed original full-year EBITDA guidance if current market conditions persist
Outlook
H&R KGaA expects to exceed the upper end of its original full-year EBITDA guidance
Company says future performance depends on war-driven feedstock prices and demand conditions
H&R KGaA will refine its outlook and provide further details in August half-year report
Result Drivers
FEEDSTOCK PRICES - Higher feedstock prices, resulting from the situation in the Persian Gulf, drove revenue growth
REFINING SEGMENT - ChemPharm Refining segment provided the largest and significantly improved earnings contribution
CASH FLOW PRESSURE - Operating cash flow declined due to sharply increased feedstock costs and higher net working capital requirements
Company press release: ID:nEQ3W0lfCa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Sales Revenue |
| EUR 700.40 mln |
|
H1 EPS |
| EUR 1.12 |
|
H1 EBITDA |
| EUR 84.40 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commodity chemicals peer group is "buy"
Wall Street's median 12-month price target for H&R GmbH & Co KgaA is €6.25, about 2.5% above its July 28 closing price of €6.10
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 25 three months ago
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July 29 - SABIC posts narrower quarterly loss, revenue falls 18% as Iran war disrupts supply chains
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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Germany's H&R KGaA H1 EBITDA more than doubles on higher feedstock prices
Brief: H&R & Co. KGaA H1 Sales Revenue EUR 700.4 Million
Germany's H&R Q1 prelim sales fall, says supply disruptions may affect earnings
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