April 16 (Reuters) - German chemicals group Evonik
Industries on Tuesday reported preliminary
first-quarter core profit well above market expectations, citing
higher sales volumes in its Specialty Additives and Nutrition &
Care divisions.
The company posted adjusted earnings before interest, taxes,
depreciation and amortisation (EBITDA) of 522 million euros
($554.05 million) in the quarter, beating the 450.4 million
euros forecast by analysts in a Vara Research poll.
Evonik's chemicals are used in products from cars to animal
feed, as well as in Pfizer ( PFE ) and BioNTech's COVID vaccine.
($1 = 0.9422 euros)