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Evonik reports Q2 2022 results: strong first half, confirms full-year adjusted EBITDA target

 Last Update: 2022-08-20
 Source: Internet
 Author: User

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Adjusted EBITDA increased by 12% in

Functional Materials: Sales in the second quarter increased by 47 percent to EUR 1,043 million
.
Higher prices and positive currency effects offset lower volumes
.
Significant growth was achieved in both the Carbon 4 products and superabsorbent businesses
.
Adjusted EBITDA for the Performance Materials business unit rose 65 percent to EUR 163 million, driven by higher naphtha prices and improved product margins
.

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