Evonik Industries Third Quarter 2024 Earnings: Misses Expectations

Evonik Industries (ETR:EVK) Third Quarter 2024 Results

Key Financial Results

• Revenue: €3.83b (up 1.6% from 3Q 2023).
• Net income: €223.0m (up from €96.0m loss in 3Q 2023).
• Profit margin: 5.8% (up from net loss in 3Q 2023).
• EPS: €0.48 (up from €0.21 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Evonik Industries Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Germany.

Performance of the German Chemicals industry.

The company's shares are down 6.9% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Evonik Industries you should be aware of.

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