Evonik is more optimistic about the profit target – real estate group LEG earns more

Evonik is growing and is more optimistic about the profit target

The specialty chemicals group Evonik is continuing to grow thanks to higher sales prices for its products. With a view to its profit target for 2022, the Essen-based group is now more optimistic and has raised its sales target.

“We had a strong first half of the year and once again successfully mastered the existing challenges,” said CEO Christian Kullmann on Wednesday. In the second quarter, the Essen-based company increased the adjusted operating profit (Ebitda) on 728 (previous year: 649) million euros. Of the Sales volume climbed 31 percent 4.77 billion euros.

Evonik wants 2022 further increase operating profit (adjusted Ebitda) to between 2.5 and 2.6 billion euros – Chief Financial Officer Ute Wolf now held out the prospect of reaching the upper end of the range. the sales expectations Evonik stepped up the pace for the year as a whole between 17 and 18 billion euros up – previously it was 15.5 to 16.5 billion euros. This is “mainly due to price increases offsetting higher variable costs.”

But Evonik is not the only one to report higher earnings despite increased energy and raw material costs and strained supply chains. Competitor Lanxess also increased sales and operating profit in the quarter thanks to higher prices.


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