德安华（Kroll）：2023年春季欧洲化学品行业更新报告（英文版）（24页）.pdf

1、Spring 2023European Chemicals Industry Insights2Key raw materials prices in the chemicals sector showed mixed trends in Q1 2023The ifo Business Climate Index for the German chemical industry continues to be in a negative trajectory due to recession concernsConsumer specialty chemicals companies expe

2、rienced broad share price declines over the last 12 monthsExecutive SummaryThe number of announced European chemicals transactions in Q1 2023 has dropped to its lowest level since 2009Executive Summary In this edition of European Chemicals Update from Kroll,we evaluate current trends for key raw mat

3、erials,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 Bus

4、iness Climate Index for the German chemical industry continues to be in a negative trajectory due to weaker demand-although the business expectations trended upward in Q1 2023,indicating improvement in sentiments regarding current business activities.But tough times loom over the manufacturers due t

5、o the expectation of a global recession.Finally,in the consumer specialty sub-sector,featured companies experienced decreases in market capitalization.The share price of Chr.Hansen Holding performed best over the last 12 months,followed by the share prices of Symrise and Givaudan.Despite strong econ

6、omic 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.3OverviewDefinitions:MMBtu:1 million British thermal units;bn.:barrels;MT:metri