Sign in or Create an account to bookmark this page
Click here to bookmark this page
Click here to remove bookmark
Sign in or Create an account to bookmark this page
Click here to bookmark this page
Click here to remove bookmark
In this edition of Duff & Phelps’ European Chemicals Update, we evaluate current trends for key raw materials, prevailing investor sentiment and valuation developments in the featured industrial specialty sub-sector.
Our top insights are detailed below.
Key raw materials in the chemicals sector recovered in Q2/Q3 2020 from the COVID-19 related fall in prices but will likely remain below their pre-COVID-19 levels. The impact of the second wave of COVID-19 cases in Europe will likely continue to suppress Brent crude prices until the end of the year.
Next, the ifo Business Climate Index for the German chemical industry remained negative in Q3 2020, with current conditions rebounding from the lowest level in Q2 2020. Expectations on performance will continue to improve, with companies generally optimistic about the near future and resolving current challenges.
Finally, in the industrial specialty sub-sector, featured companies show diverse performance in market capitalization, with Sika, EMS-Chemie and Wacker Chemie being the best performers, driven by resilient Q3 earnings.
Comprehensive support throughout mergers and acquisitions and other corporate transactions.
Industrials expertise for middle-market M&A transactions.
Seamless analytical advisory through the deal continuum, from transaction origination to closing.
Independent opinions for boards of directors and special committees.
Dedicated coverage and access to M&A deal-flow for financial sponsors.
Financial and operational solutions for distressed and special situations.
Senior, subordinated and mezzanine debt and venture/private equity for a wide range of transactions.
Valuation and consulting for financial reporting, federal, state and local tax, investment and risk management purposes.