Evonik Q3 Adj. EBITDA Declines

Evonik (EVK.DE) reported a Q3 net loss of 106 million euros, down from a net income of 223 million euros last year. Adjusted net income fell to 128 million euros from 271 million euros, while adjusted EBITDA decreased by 22% to 448 million euros. Revenue also dropped by 12% to 3.39 billion euros. The company anticipates weak demand to persist, projecting full-year adjusted EBITDA around 1.9 billion euros.