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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Evonik Posts Strong Third Quarter, Eyes Record Full Year

8:44 AM MST | November 19, 2010 | —natasha alperowicz

Evonik Industries says that strong worldwide demand for its products and high capacity utilization rates lifted the company’s third-quarter 2010 results. Ebitda was up 18%, to €744 million ($1 billion) in the third quarter compared with the same period of last year on sales 24% higher at €4.1 billion. Net income rose 55%, to €260 million. Each of Evonik’s three businesseschemicals, energy, and real estateposted an improvement in the first nine months of this year. “The third quarter remained strong; the first nine months were...

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