Articles Tagged with ''quarterly reports''

After record-high fourth quarter net sales, full-year highlights also include record sales of $18.2 billion; aided by 3% organic sales growth.

For the full year, sales grew to a record $23.05 billion with a consolidated net sales increase of 4.1%.

Fiscal 2024 sales were a second-quarter record and were in addition to strong growth in the prior-year period when sales increased 9.3%. Pricing was positive in all segments as they catch up with cost inflation.

Consolidated sales in Q2/2023 totaled 269,232 million KRW, gross profit margin was 8.3%-points lower in Q2/2023 than in Q2/2022, and net profit in Q2/2023 was 11,956 million KRW.

Compared with the same period last year, adjusted EBITDA fell by 38 percent. Evonik already published preliminary figures for the second quarter on July 10.

The company showed a solid performance in the second quarter of 2023, despite adverse market conditions.

The results show a solid second quarter despite signs of demand weakness. The second quarter 2023 net sales of $1.6 billion were 14% lower than the prior-year quarter, driven by lower net sales in Titanium Technologies and Advanced Performance Material’s Advanced Materials portfolio.

In a weak economic environment, the company achieved its EBITDA-guidance for the second quarter of 2023 of EUR 330 million to EUR 430 million.

The company had a sales decline by 24.7% to €17.3 billion, and EBIT before special items was down by €1.3 billion to €1.0 billion.

The housing and infrastructure products segment provided earnings stability according to the company's quarterly release.