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Economy
Evonik Industries, Lanxess anticipate profit growth
by Alex Scott
July 22, 2024
| A version of this story appeared in
Volume 102, Issue 22
In an early earnings estimate, the German specialty chemical firm Evonik Industries says its pretax profits for the second quarter of this year were $618 million, a 29% hike over the same period in 2023. Sales were flat at $42 billion. The company has upgraded its full-year profit forecast to between $2.1 billion and $2.4 billion, up from $1.9 billion–$2.2 billion. Fellow German specialty chemical maker Lanxess has also upgraded its profit forecast for the year.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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