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EVK Evonik Industries AG News Story

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Brief: Evonik Reports Q1 Adjusted EBITDA EUR 475 Mln

May 8 (Reuters) - EVONIK INDUSTRIES AG EVKn.DE:

Q1 ADJUSTED EBITDA MARGIN 13.9%

Q1 FREE CASH FLOW AROUND EUR 183 MILLION

Q1 ADJUSTED NET INCOME EUR 158 MILLION

Q1 ADJUSTED EBITDA EUR 475 MILLION (CONSENSUS: EUR 448 MILLION)

Q1 ADJUSTED EBIT EUR 235 MILLION (CONSENSUS: EUR 185.7 MILLION)

CONFIRMS FY OUTLOOK, EXPECTS ADJUSTED EBITDA BETWEEN EUR 1.7 AND 2.0 BILLION

EXPECTS Q2 ADJUSTED EBITDA OF AT LEAST EUR 550 MILLION

Q2 LIKELY TO BE STRONGEST QUARTER THIS YEAR AS HIGHER INFLATION RATE IN H2 LIKELY TO DAMPEN CONSUMER SPENDING, INVESTMENT

Further company coverage: [EVKn.DE]

 (Gdansk Newsroom)

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

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