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Evonik raises profit, confirms 2013 guidance; to exit real estate business

12:06 AM MDT | May 8, 2013 | Natasha Alperowicz

Evonik Industries today reported a 7% rise in first-quarter net profit, to €289 million ($378.4 million), on a 4% decline in sales, to €3.26 billion, due to the divestment of 2 small businesses in 2012. Ebitda margin was 18.1%. The company confirmed its outlook for 2013, for which it expects sales to be higher with operating results at the 2012 level.    "Since the economic environment remains challenging, Evonik got off to a somewhat moderate start to 2013 compared with the very strong first quarter of 2012. However, we expect business...

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