Evonik posts lower sales and earnings, readies IPO

March 2013
Chemical Week;3/18/2013, Vol. 175 Issue 9, p13
Trade Publication
The article reports that chemical company Evonik Industries, led by Chairman Klaus Engel, experienced a six percent decline in its Ebitda (Earnings before interest, taxes, depreciation and amortization) for the fourth quarter of 2012. Noted causes of the decline in sales include customers destocking and weak economic conditions. Information is also provided on the company's planned IPO (initial private offering) scheduled for April 2013.


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