Yahoo Finance Evonik Industries Third Quarter 2022 Earnings: Beats Expectations
Evonik Industries (ETR:EVK) Third Quarter 2022 Results
Key Financial Results
Revenue: €4.88b (up 26% from 3Q 2021).
Net income: €214.0m (down 7.4% from 3Q 2021).
Profit margin: 4.4% (down from 6.0% in 3Q 2021). The decrease in margin was driven by higher expenses.
EPS: €0.46 (down from €0.49 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Evonik Industries Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 5.1%.
Looking ahead, revenue is forecast to grow 1.2% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Germany are expected to remain flat.
Performance of the German Chemicals industry.
The company's shares are up 2.8% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Evonik Industries you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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