(Reuters) -German chemicals group Evonik Industries on Thursday cut its 2025 core profit guidance, saying it expected persistently weak demand until the end of the year. The company now sees adjusted
Evonik cuts 2025 core profit guidance on weak demand
(Reuters) -German chemicals group Evonik Industries on Thursday cut its 2025 core profit guidance, saying it expected persistently weak demand until the end of the year.
The company now sees adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of about 1.9 billion euros ($2.23 billion) for 2025, compared to the 2-2.3 billion euro range it gave previously.
Analysts' median forecast for 2025 core profit stands for 1.96 billion euros a poll compiled by Vara Research showed.
In August, the Essen-based company had already revised its 2025 adjusted EBITDA guidance to the lower end of the previously announced range.
Last week, the company also announced the sudden departure of its finance chief Maike Schuh, with no successor named.
($1 = 0.8511 euros)
(Reporting by Anastasiia Kozlova in Gdansk, Editing by Kirsti Knolle)
