Evonik slides to 4-month low after Q2 revenue miss

Evonik Industries AG

01/08/2025 08:58

** Shares in Evonik Industries EVKn.DE fall around 3% to their lowest since April after the German chemicals group posted Q2 revenues below expectations and narrowed its full-year earnings forecast

** The group now expects annual adjusted EBITDA at the lower end of a 2 billion-2.3 billion-euro range, provided the global economy does not weaken further

** "Following the softer-than-expected performance after a strong Q1, the risk of missing guidance has increased," says Thomas Schulte-Vorwick, an analyst from Metzler

** "Not as bad as peers but not good, either," a local trader says

(Reporting by Anastasiia Kozlova)

((Anastasiia.Kozlova@thomsonreuters.com))