Evonik Industries (ETR:EVK) First Quarter 2024 Results

Key Financial Results

• Revenue: €3.80b (down 5.2% from 1Q 2023).

• Net income: €156.0m (up 232% from 1Q 2023).

• Profit margin: 4.1% (up from 1.2% in 1Q 2023).

• EPS: €0.33 (up from €0.10 in 1Q 2023).

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

Evonik Industries EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) exceeded analyst estimates by 97%.

Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Germany.

Performance of the German Chemicals industry.

The company's shares are up 3.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Evonik Industries that you need to be mindful of.

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