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Evonik Materially Lifts Its Outlook for 2024

Adjusted EBITDA in second quarter well above prior year, with adjusted EBITDA expected between €1.9 billion and €2.2 billion.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

In a difficult environment, Evonik has delivered another strong quarter, exceeding analysts’ expectations. The company is therefore publishing preliminary key figures for the second quarter in advance and is materially raising its outlook for the fiscal year 2024. Based on preliminary and unaudited figures, Evonik achieved an adjusted EBITDA of €578 million in the second quarter, 29% above the prior-year figure (Q2 2023: €450 million). Analysts had expected €531 million (Vara consensus...

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