In this edition of European Chemicals Update from Kroll, we evaluate current trends for key raw materials, prevailing investor sentiment and valuation developments in the featured consumer specialty sub-sector.

Our top insights are detailed below:

Key raw materials prices in the chemicals sector showed mixed trends in Q1 2023, affected by the lower demand and macroeconomic conditions.

Next, the ifo Business Climate Index for the German chemical industry continues to be on a negative trajectory due to weaker demand- although the business expectations trended upward in Q1 2023, indicating improvement in sentiments regarding current business activities.

Finally, in the consumer specialty sub-sector, featured companies showcased a downward trend in the market capitalization in Q1 2023. The share price of Chr. Hansen Holding performed best over the last 12 months, followed by the share prices of Symrise and Givaudan.

European Chemical Update – Spring 2023

Key Observations

  • March 2023 expectations improved and reverted from the dip at the end of September 2022.
  • Current conditions continue to be in a negative trajectory due to weak demand.
  • The rising expectations and negative current conditions indicate the German companies are less pessimistic and are regaining confidence regarding current business activities. However, tough conditions are expected in the coming months due to the expectation of a global recession.

To get more Insights, download the full report.

European Chemicals Update Valuation Data

European Chemical Update – Spring 2023

Despite strong economic headwinds, chemical companies are regaining confidence regarding business opportunities for the second half of 2023. Learn more in our report and contact Kroll to learn more about how we help our clients to stay ahead.

Download our Valuation Data

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