Evonik has reported 1% organic sales growth to EUR3.2bn (US$4bn) and EBITDA better than previous quarters at EUR501m.

For the first nine months of 2014, Evonik posted 2% organic sales growth to around EUR9.7bn and adjusted EBITDA at EUR1.4bn, but below the good prior-period, level due to what the company terms “prices.”
 
“Evonik did well in an increasingly difficult economic environment,” said Evonik chairman, Klaus Engel. “There has been a clear upward trend in operating earnings this year and in the third quarter they were only slightly below the prior-period level.

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“Demand for our products was good despite slower global growth.

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