Evonik Industries AG (OTCPK:EVKIF)
$ 18.25 0.35 (1.96%) Market Cap: 8.56 Bil Enterprise Value: 11.94 Bil PE Ratio: 34.30 PB Ratio: 0.91 GF Score: 81/100

Q2 2024 Evonik Industries AG Earnings Call Transcript

Aug 01, 2024 / 08:00AM GMT
Release Date Price: $20.88 (+4.97%)
Christian Kullmann
Evonik Industries AG - CEO & Chairman of the Executive Board

Welcome to our quarterly earnings call, also, from my side. To sum it up, it was another quarter in which we have pre-released our numbers. It was another quarter, where we have again delivered on the quite elevated expectations, the another quarter of sector-leading earnings growth and -- ladies and gentlemen, another quarter of very strong free cash flow generation.

So ladies and gentlemen, let's go right into the topics of today. Second quarter has once again more proven that our strategy our agenda is paying off and our numbers are more and more reflecting exactly that. What is driving our growth? It is a combination. It is a combination of -- first of all, sales having measures and at the same time are positioning the right pockets of growth. The right pockets of growth, that is; for example, our Specialty Additives business, which had had an unusually tough last year and is now on the path of recovery back to our strengths of our resilient and steadily growing care solutions business.

We continue

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot