IHS Chemical Week

People & Business :: Earnings/Finance

Evonik reports lower profits and revenues, expects slight improvement in 2014

7:47 AM MST | March 7, 2014 | Natasha Alperowicz

Evonik Industries (Essen, Germany) today reported a 63% drop in fourth-quarter net income, to €103 million ($142.8 million), on sales of €3.14 billion. Sales in the corresponding period of last year were €3.18 billion. Adjusted fourth-quarter net income was 20% lower, at €127 million, while adjusted Ebitda was down 15%, at €386 million. Full-year 2013 adjusted net income was 23% down, at €830 million on 4% lower sales, at €12.9 billion. However, net income was up 76%, to €2.05 billion, thanks to gains from the divestment of...

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