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Higher raw material, logistics and energy costs offset by product price increases.
August 11, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
Evonik closes the second quarter with strong results. Sales increased 31% year-on-year to €4,772 million due to higher selling prices and positive currency effects, despite slightly lower volumes. Adjusted earnings before interest, taxes, depreciation, and amortization (adjusted EBITDA) increased by 12% to €728 million. “We had a strong first half of the year, and once again have successfully managed the challenges around us,” said Christian Kullmann, chairman of the Executive Board. “Regardi...
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