Evonik releases financial report for the third quarter of 2021: full-year profit is expected to reach the expected upper limit

• Sales in the third quarter increased by 33%, and adjusted EBITDA increased by 24%

• The adjusted EBITDA for the whole year is expected to be approximately 2.

• Free cash flow is expected to increase to approximately 1 billion euros in 2021

After the strong performance in the third quarter, Evonik released a more precise full-year profit forecast: At present, Evonik expects adjusted earnings before interest, tax, depreciation and amortization (EBITDA) to be approximately 2.

Evonik Industrial Group Chairman Couleman said: “We continued to maintain strong growth in the third quarter

In the third quarter of 2021, Evonik's adjusted EBITDA increased by 24% year-on-year to 645 million euros compared to 2020

In the third quarter of 2021, Evonik's sales increased by 33% year-on-year to 3.

Thanks to improved performance, free cash flow in the third quarter increased by 68% to 524 million euros

Chief Financial Officer Ute Wolf said: “We expect the full-year free cash flow of 2021 to be approximately 1 billion euros

Business performance

Specialty additives business unit : sales in the third quarter increased by 20% to 934 million euros

Sales in all regions have achieved significant growth

Nutrition and Consumer Chemicals Business Unit : Sales in the third quarter increased by 30% to 931 million euros

Smart Materials Business Unit : Sales in the third quarter increased by 27% to 1 billion euros

Functional Materials Business Unit : Sales in the third quarter increased by 77% to 784 million euros