{
  "id": 17923218,
  "title": "Quarterly figures: Evonik increases operating profit and becomes more optimistic",
  "url": "https://urgent.news/2026/11/03/quartalszahlen-evonik-steigert-operativen-gewinn-und-wird",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-03T05:58:28.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/unternehmen/industrie/quartalszahlen-evonik-steigert-operativen-gewinn-und-wird-optimistischer/100265237.html"
  },
  "original_language": "de",
  "account": "Düsseldorf - Specialty chemicals firm Evonik, acquired by BASF, is reporting stronger financial performance and growing optimism about its future. The Essener firm is optimistic about its outlook for 2026, despite supply chain disruptions caused by the Middle East crisis. Interim CEO Claus Rettig emphasized the company's strength and resilience.\n\nIn the third quarter, Evonik's adjusted operational profit (EBITDA) rose by 40 percent to 629 million euros, the company reported on Tuesday. Revenue increased by 13 percent to 3.8 billion euros, beating analyst forecasts of 3.8 billion euros in revenue and 633 million euros in adjusted EBITDA. Special effects and cost-saving measures resulted in a loss of 53 million euros, compared to a loss of 106 million euros in the previous year's quarter.\n\nRettig is restructuring Evonik and cutting jobs to trim the company's costs. In their outlook for 2026, announced in June, the Essener were more confident, projecting a range between 2 and 2.2 billion euros for adjusted operational profit. BASF also benefited from higher prices and increased demand in the quarter due to the Middle East conflict.",
  "summary": "Evonik is entering the takeover poker with BASF from a position of strength. The Essen-based chemical company published positive figures on Tuesday. It is benefiting from the consequences of the Iran war.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}