TITLE

Evonik posts lower sales and earnings, readies IPO

AUTHOR(S)
ALPEROWICZ, NATASHA
PUB. DATE
March 2013
SOURCE
Chemical Week;3/18/2013, Vol. 175 Issue 9, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
86644453

 

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