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EVK Evonik Industries AG News Story

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Brief: Evonik Outlook For 2025: Adjusted EBITDA To Reach Lower End Of Projected Range

Aug 1 (Reuters) - EVONIK INDUSTRIES AG EVKn.DE:

FY ADJUSTED EBITDA EUR 2,000-2,300 MILLION

ADJUSTED EBITDA DECLINES BY 12 PERCENT IN Q2

Q2 NET INCOME AMOUNTED TO EUR 120 MILLION, COMPARED WITH EUR -5 MILLION IN PRIOR-YEAR QUARTER

Q2 ADJUSTED EBITDA MARGIN AT 14.5 PERCENT REMAINED AT ABOUT LEVEL OF LAST YEAR (Q2 2024: 14.7 PERCENT)

QUARTERLY REVENUE WAS EUR 3.50 BILLION, 11 PERCENT LOWER YEAR-OVER-YEAR (Q2 2024: EUR 3.93 BILLION)

OUTLOOK FOR 2025: ADJUSTED EBITDA TO REACH LOWER END OF PROJECTED RANGE

STILL EXPECTS CASH CONVERSION RATE TO BE AROUND 40 PERCENT IN 2025

OUTLOOK 2025: RETURN ON CAPITAL EMPLOYED IS NOW EXPECTED TO BE IN LINE WITH PREVIOUS YEAR'S LEVEL (2024: 7.1 PERCENT)

CAPITAL EXPENDITURES WILL BE REDUCED BY EUR 100 MILLION TO ABOUT EUR 750 MILLION IN 2025

Source text: ID:nPLXB70876

Further company coverage: [EVKn.DE]

 (Gdansk Newsroom)

 ((((gdansk.newsroom@thomsonreuters.com ; +48 587785269; ));))

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