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Sales rose to €3.56 billion in the third quarter, with adjusted EBITDA up 11% to €639 million.
November 6, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Evonik increased adjusted EBITDA to €639 million in the third quarter, an increase of 11% compared with the third quarter of 2016. This was mainly due to better earnings in the Resource Efficiency and Performance Materials segments. A positive factor was the contribution made by the specialty additives business that Evonik acquired from the US company Air Products at the beginning of the year. Furthermore, the silica business acquired from J. M. Huber at the start of September made a contrib...
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