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Evonik Reports 3Q 2023 Improved from 2Q 2023

Adjusted EBITDA in third quarter at €485 million is 8% higher than in the second quarter.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Evonik increased the adjusted EBITDA by 8% to €485 million in the third quarter 2023 versus the second quarter, also thanks to strict cost discipline. Due to persistently weak demand, the adjusted EBITDA fell by 21% year-on-year. “The economic recovery is still a long time coming,” says Christian Kullmann, chairman of the Management Board. “That is why we are focusing on the levers at our disposal. And that is increasingly having an effect.” Group sales fell 23% in ...

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