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Evonik Industries AG (EVKn.DE)

EVKn.DE on Xetra

31.52EUR
19 Jul 2018
Change (% chg)

€-0.18 (-0.57%)
Prev Close
€31.70
Open
€31.74
Day's High
€31.94
Day's Low
€31.52
Volume
849,197
Avg. Vol
658,636
52-wk High
€32.99
52-wk Low
€26.76

Latest Key Developments (Source: Significant Developments)

Evonik Raises 2018 Adj EBITDA Guidance to 2.6-2.65 Bln Eur
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Evonik Industries AG ::Q2 ADJUSTED EBITDA OF EUR 742 MILLION (2017: EUR 640 MILLION).Q2 SALES INCREASED TO EUR 3.9 BILLION (2017: EUR 3.6 BILLION)..Q2 ADJUSTED NET INCOME WAS EUR 354 MILLION.HAS INCREASED ITS FORECAST FOR FULL YEAR 2018, NOW EXPECTING 2018 ADJUSTED EBITDA BETWEEN EUR 2.6 AND EUR 2.65 BILLION.PROJECTS A NOTABLY HIGHER FREE CASH FLOW FOR 2018 COMPARED TO PRIOR YEAR.  Full Article

Evonik To Cut Up To 1,000 Jobs As Part Of Cost-Cutting Drive
Wednesday, 27 Jun 2018 

June 27 (Reuters) - Evonik ::SAYS UP TO 1,000 JOBS TO BE CUT WORLDWIDE IN ADMINISTRATION, SALES BY END-2020.SAYS JOB CUTS ARE PART OF PREVIOUSLY ANNOUNCED 200 MILLION EURO COST-CUTTING PLAN.SAYS EXTENDS AGREEMENT TO RULE OUT COMPULSORY REDUNDANCIES FOR EMPLOYEES IN GERMANY UNTIL MID-2023.  Full Article

Evonik Industries And Linde Enter Into Strategic Partnership
Tuesday, 26 Jun 2018 

June 26 (Reuters) - Evonik Industries AG ::LINDE AND EVONIK ENTER INTO STRATEGIC PARTNERSHIP FOR MEMBRANE-BASED NATURAL GAS PROCESSING.TWO COMPANIES WILL JOINTLY PROMOTE MEMBRANE TECHNOLOGY.  Full Article

RAG Foundation Sees No Time Pressure To Offload Stake
Tuesday, 5 Jun 2018 

June 5 (Reuters) - Evonik Industries AG shareholder RAG Foundation::SAYS NO TIME PRESSURE TO OFFLOAD EVONIK STAKE, SEE ROOM FOR UPWARD SHARE PRICE MOVEMENT.  Full Article

RAG Foundation Wants Evonik To Grow Profitably - RAG CEO
Tuesday, 5 Jun 2018 

June 5 (Reuters) - Bernd Toenjes, new head of Evonik Industries AG shareholder RAG Foundation::SAYS RAG WANTS EVONIK TO GROW PROFITABLY, PAY DIVIDENDS RELIABLY.  Full Article

Evonik Says Will Continue Active Portfolio Management
Wednesday, 23 May 2018 

May 23 (Reuters) - Evonik Industries AG ::CEO SAYS AIMS TO FIND BUYER FOR METHACRYLATE BUSINESS WHO WILL INVEST IN IT.CEO SAYS WILL CONTINUE ACTIVE PORTFOLIO MANAGEMENT, BOTH IN TERMS OF ACQUISITIONS AND DIVESTMENTS.CEO SAYS AFFIRMS GOALS FOR 2018 AND MEDIUM-TERM TARGET OF EBITDA MARGIN OF 18-20 PERCENT.  Full Article

Evonik Industries Plans New Polyamide 12 Complex In North Rhine-Westphalia
Wednesday, 14 Mar 2018 

March 14 (Reuters) - EVONIK INDUSTRIES AG ::PLANS NEW POLYAMIDE 12 COMPLEX IN MARL.INTENDS TO INCREASE ITS OVERALL PA 12 CAPACITY BY MORE THAN 50 PERCENT.EVONIK TO INVEST AROUND EUR 400 MILLION IN PA 12 COMPLEX AT ITS LARGEST SITE IN NORTH RHINE-WESTPHALIA.COMPLEX IS EXPECTED TO BECOME OPERATIONAL IN EARLY 2021.  Full Article

Evonik And Siemens Lauch Joint Research Project
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - EVONIK ::EVONIK AND SIEMENS <<>> TO GENERATE HIGH-VALUE SPECIALTY CHEMICALS FROM CARBON DIOXIDE AND ECO-ELECTRICITY.  Full Article

Evonik Industries Plans Additional Line For Manufacturing Acrylite Molding Compounds In US
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Evonik Industries AG ::PLANS ADDITIONAL LINE FOR MANUFACTURING ACRYLITE MOLDING COMPOUNDS (PMMA) IN US.COMPLETION AND STARTUP IS SCHEDULED FOR Q1 2019 ‍​.  Full Article

Evonik Industries Invests In Danish Hydrogen Peroxide Start-Up HPNow
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - EVONIK INDUSTRIES AG ::INVESTS IN DANISH HYDROGEN PEROXIDE START-UP HPNOW.INVESTED IN STARTUP HPNOW APS THROUGH ITS VENTURE CAPITAL UNIT, NOW HOLDS MINORITY STAKE IN THE CO.PARTIES HAVE AGREED NOT TO DISCLOSE THE AMOUNT OF THE INVESTMENT..  Full Article

UPDATE 1-Evonik to sell methacrylates unit to focus on faster-growing sectors

* In drive to overcome weak stock-market valuation (Adds details on unit to be divested, 2018 guidance)