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Evonik is specifying its full-year outlook for free cash flow at a level of approximately €700 million.
November 7, 2019
By: DAVID SAVASTANO
Editor, Ink World Magazine
Evonik is sticking to its full-year earnings outlook for 2019 despite an ongoing weakness in the global economy. The company expects adjusted EBITDA to remain at least stable compared with last year. Sales are now expected to be slightly lower than the previous year because of lower de-mand. Evonik had expected sales to remain stable. In 2018 Evonik generated – excluding the divested Methacrylates business – sales of €13.3 billion and adjusted EBITDA of €2.15 billion. “We prepared ...
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