Evonik Q3 Profit Misses Estimates
Evonik posted third-quarter core profit slightly below analyst estimates at 629 million euros. Despite weak economic growth, the German chemicals group expects full-year profitability at the upper end of its guidance range.
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EVONIK INDUSTRIES AG posted a Q3 core profit of €629 million ($703.85 million), missing analyst estimates while guiding full-year earnings to the upper range. The result marks a 40% year-on-year increase for the specialty chemicals producer based in Germany. The performance underscores resilience in the chemicals sector despite broader macroeconomic headwinds.
