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Company sales fell by 14% to €2.83 billion.
September 8, 2020
By: Anthony Locicero
Copy editor, New York Post
Evonik said it is getting through the crisis well. Nevertheless, sales and earnings in the second quarter decreased compared to the previous year due to significantly weaker demand in some markets. Company sales fell by 14% to €2.83 billion, while adjusted earnings before interest, tax, depreciation and amortization (EBITDA) fell 19% to €456 million. “Evonik is weathering the crisis,” said Christian Kullmann, chairman of the management board. “In the second ...
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