Evonik Industries AG said its normalized net income for the first quarter amounted to 58 euro cents per share, compared with the S&P Capital IQ consensus estimate of 57 cents per share.
EPS rose 96.3% year over year from 29 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €268.3 million, a gain of 98.2% from €135.4 million in the year-earlier period.
The normalized profit margin increased to 6.9% from 4.2% in the year-earlier period.
Total revenue grew 7.0% on an annual basis to €3.42 billion from €3.20 billion, and total operating expenses increased from the prior-year period to €2.94 billion from €2.90 billion.
Reported net income increased 79.2% on an annual basis to €267.0 million, or 57 cents per share, from €149.0 million, or 32 cents per share.
