Essen, Germany -- Polyurethane additives company Evonik saw overall sales for the first half of 2014 total EUR6.4bn (US8.5bn) – a rise of 0.5% on the first half of 2013.
Performance polymers sales during the first half of the year rose 3.8% to EUR937m compared to the same period in 2013 but the company said higher volumes were offset by lower selling prices and currency effects.
Klaus Engel, chairman of Evonik, said: "Strong demand for our products was registered worldwide in the second quarter of 2014 in a slightly positive economic environment. Our business developed solidly overall."
The company's adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) was reported as EUR224m – a fall of 28% on the same period in 2013.
Adjusted EBITDA for Q2 2014 was EUR473m, down year-on-year by 16% but higher than in Q1 2014, the report revealed.
Employee figures contained in the report showed that the company’s Performance Polymers segment has increased its staff by nearly 100 since mid-2013.
XE Currency Conversion: 7 August, 2014