Evonik earnings rise 40% in first half-year

Essen – Evonik Industries AG has posted a sales growth of 8 percent to €6.944 billion in its first half-year 2015 report; thanks to higher volumes and prices.

According to an Evonik press release on 4 Aug, adjusted EBITDA increased by 40 percent to €661 million in the second quarter, and by 40 percent to €1,311 million in the first six months.

This, said the German speciality chemicals company, was principally due to the sustained good volume trend, partly as a result of the new capacity.

In the Performance Materials segment, sales dropped 4 percent to €938 million in the second quarter.

This, according to Evonik, was principally caused by low selling prices.

Adjusted EBITDA was €82 million, almost unchanged from the prior-year period (€83 million), partly due to lower raw material costs.