Evonik Q3 Report 2022

In the first three months of 2023, our business was held back significantly by the challenging economic conditions. We registered a considerable drop in demand in all regions, which reduced capacity utilization in our production facilities. Nevertheless, we were able to pass the substantial year-on-year rise in raw material and energy costs on to customers in many business areas by raising prices. Overall, sales and adjusted EBITDA were significantly lower than in the prior-year quarter.