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Adjusted EBITDA margin continues at very good level of 18.1% in the first six months.
August 5, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
Evonik reports that demand for its products rose worldwide in the first half of this year. Evonik registered considerable volume growth in the first six months of 2016, mainly as a result of growth in the second quarter. Despite the higher volumes, Group sales declined to €6,363 million, a drop of 8% compared with the first half of 2015, principally because lower raw material costs were passed on to customers. Adjusted EBITDA was also below the exceptionally strong prior-period figure at €1,...
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