Germany's Evonik Q2 revenue up 11% on higher volumes and prices

Evonik Industries AG

04/08/2026 06:11

Overview
Germany chemical firm's Q2 adjusted EBITDA rose 24% to €630 mln on higher volumes and prices
Q2 revenue increased 11% yr/yr, while net income declined from prior-year quarter
Company extended efficiency program, targeting further job reductions and raised 2026 EBITDA outlook

Outlook
Evonik raises 2026 adjusted EBITDA guidance to €2.0 bln-€2.2 bln from €1.7 bln-€2.0 bln
Company continues to target a 2026 cash conversion rate of around 40%
Evonik says supply chain bottlenecks outside Europe are currently supporting earnings

Result Drivers
SUPPLY CHAIN BOTTLENECKS - Co said supply chain disruptions outside Europe, mainly due to Middle East conflict, led to higher volumes and prices
ADVANCED TECHNOLOGIES SEGMENT - Segment benefited from supply bottlenecks affecting Asian competitors, boosting sales and prices
ANIMAL NUTRITION BUSINESS - Higher volumes and improved prices for essential amino acids, mainly related to supply shortages in the Strait of Hormuz

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EBITDA
 
EUR 630 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 7 "hold" and 4 "sell" or "strong sell"
The average consensus recommendation for the specialty chemicals peer group is "buy."
Wall Street's median 12-month price target for Evonik Industries AG is €18.50, about 5.2% above its August 3 closing price of €17.59
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
Aug 4 - Evonik tops Q2 earnings estimates as Middle East conflict boosts demand
Aug 3 - Germany's Verbio prelim FY EBITDA tops guidance on higher selling prices
Aug 3 - Beiersdorf says Middle East conflict disrupts Gulf sales, deliveries

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)