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Sarria | INEOS Quattro - Client Call , Wed 14 Jan, 3 pm UK | 10 am EST

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SARRIA News -INTU
Ineos Quattro - Stuck in the mire.
Tomás Mannion
Ineos Quattro - Stuck in the mire.
Tomás Mannion

Please find our initiation on Ineos Quattro here. 


Audi uses “quattro” to indicate its all-wheel drive, but unfortunately for Ineos, it is difficult to see how the Ineos Quattro gets out of its problems. All four wheels (business segments) are stuck in the same chemical overcapacity. and the market commentary from one division to the next, it is hard to distinguish the differences. 

Tomás Mannion
Tomás Mannion
Ineos Quattro - comment
Tomás Mannion

Ineos released another market update on Friday, which reiterated previous commentary on conditions in the wider

Tomás Mannion
Tomás Mannion
Ineos Quattro - comment
Tomás Mannion

Moody’s has downgraded Ineos Quattro (and Ineos Group), maintaining a negative outlook on both entities. At Ineos Quattro, the rating was

Tomás Mannion
Ineos Quattro - comment
Tomás Mannion
Ineos Quattro - comment
Tomás Mannion

There are no signs of recovery in Ineos’ latest market update on the wider chemical industry. The ethylene market remains oversupplied, with

Tomás Mannion
Ineos Quattro - comment
Tomás Mannion
Ineos Quattro - comment
Tomás Mannion

We have commenced our work on Ineos Quattro and intend to publish our views following the release of its third quarter results on 7 November.

Ineos Quattro held a 2-hour conference call yesterday, which can be summarised as follows:

Tomás Mannion