2025-06-03-Jefferies-赢创（EVK）_与赢创首席财务官的炉边谈话邀请_7页_103kb

事件：Invitation for a fireside chat on June 16, 2025, with Evonik CFO Maike Schuh, hosted by Chris Counihan, focusing on topics like Smart Materials/添加剂盈利韧性、产品组合变化、Nutrition and Care部门增长、自由现金流。

公司重点：讨论了能力提升潜力通过Smart Materials驱动利润，产品组合调整优先考虑Performance Materials divestment；Nutrition and Care部门将扩展动物营养和快速增长个人护理；自由现金流生成在挑战性市场中保持焦点。

估值：Equity Research report provides Underperform rating with €18.80 price target, reflecting risks from methionine prices and end-market demand, and mitigating factors like cost savings and economic recovery.