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Final figures confirm: Adjusted EBITDA in second quarter clearly above previous year and above first quarter.
August 2, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
Evonik significantly increased its earnings in the second quarter of 2024 despite a persistently difficult economic environment. The final figures confirm the preliminary data announced on July 15: adjusted EBITDA rose by 28% to €578 million compared to the previous year. Free cash flow was clearly positive at €217 million, following a cash outflow of €203 million a year earlier. “We are cutting our costs and doing our homework – and it shows,” says CEO Christian Kullmann with regard to...
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