Evonik Industries AG: Preliminary figures for the second quarter of 2024 and
adjustment of the outlook for the financial year 2024
EQS-Ad-hoc: Evonik Industries AG / Key word(s): Half Year Results/Change in
Forecast
Evonik Industries AG: Preliminary figures for the second quarter of 2024 and
adjustment of the outlook for the financial year 2024
15-Jul-2024 / 12:18 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Evonik Industries AG is already today publishing the following preliminary
figures for the second quarter of 2024 and adjusting its outlook for the
financial year 2024.
Based on preliminary, non-audited figures, Evonik expects an adjusted
EBITDA* of EUR578 million in the second quarter of 2024 (Q2 2023: EUR450
million). The current market expectation is EUR531 million (Vara Research
analyst consensus as of May 29, 2024).
As there was still no broad-based macroeconomic recovery, company-specific
factors in particular led to this positive development: In addition to
continued strict cost discipline, good volume development in Specialty
Additives, as well as a price recovery in Animal Nutrition and lower
production costs were drivers of the sequential increase.
Based on this development, Evonik is raising its outlook for adjusted
EBITDA* as follows: The company now expects adjusted EBITDA* for the
financial year 2024 to be between EUR1.9 billion and EUR2.2 billion (previously:
EUR1.7 - EUR2.0 billion).
Following a slight decline in the first quarter, sales in the second quarter
were, based on preliminary figures, at just above EUR3.9 billion and thus
around the level of the previous year (Q2 2023: EUR3.9 billion).
Evonik Industries AG will publish final figures for the second quarter of
2024 on August 1, 2024, as planned.
*Notes on key performance indicators (KPIs) can be found in the Financial
Report of Evonik Industries AG starting on page 240.
The Financial Report 2023 is available at:
https://files.evonik.com/shared-files/evonik-financial-report-2023-9492.pdf
Contact/person making the notification:
Tim Lange
Head of Investor Relations
+49 201 177-3150
tim.lange@evonik.com
End of Inside Information
---------------------------------------------------------------------------
15-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
Language: English
Company: Evonik Industries AG
Rellinghauser Straße 1-11
45128 Essen
Germany
Phone: +49 (0) 201 177-01
Fax: +49 (0) 201 177-3475
E-mail: investor-relations@evonik.com
Internet: www.evonik.com
ISIN: DE000EVNK013
WKN: EVNK01
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart, Tradegate
Exchange; Luxembourg Stock Exchange
EQS News ID: 1946351
End of Announcement EQS News Service
---------------------------------------------------------------------------
1946351 15-Jul-2024 CET/CEST