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Adjusted EBITDA up 25% at €735 million, with higher costs successfully offset.
April 25, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
Evonik’s successful start to 2022 significantly exceeded capital market expectations. Based on preliminary figures, which Evonik, adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) rose to €735 million in the first quarter. The analyst consensus was approximately €652 million. “Across all divisions, we were able to adjust selling prices successfully and therefore off-set the increase in variable costs,” said Christian Kullmann, chairman of the Executive ...
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