
Evonik Q3 Adj. EBITDA Declines

Evonik (EVK.DE) reported a Q3 net loss of 106 million euros, down from a net income of 223 million euros last year. Adjusted net income fell to 128 million euros from 271 million euros, while adjusted EBITDA decreased by 22% to 448 million euros. Revenue also dropped by 12% to 3.39 billion euros. The company anticipates weak demand to persist, projecting full-year adjusted EBITDA around 1.9 billion euros.
Evonik (EVK.DE) posted a third quarter net loss of 106 million euros compared to net income of 223 million euros, last year. Adjusted net income declined to 128 million euros from 271 million euros. Adjusted EBITDA was 448 million euros, 22 percent below prior year. Revenue decreased by 12 percent to 3.39 billion euros.
Evonik said it expects demand to remain weak through the end of the year, which should bring adjusted EBITDA to around 1.9 billion euros for the full year.
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