Evonik Industries AG said its normalized net income for the second quarter was 46 euro cents per share, compared with the S&P Capital IQ consensus estimate of 58 cents per share.
EPS rose year over year from 44 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €215.0 million, an increase from €207.0 million in the prior-year period.
The normalized profit margin declined to 5.9% from 6.4% in the year-earlier period.
Total revenue grew 10.9% on an annual basis to €3.61 billion from €3.26 billion, and total operating expenses rose 13.5% year over year to €3.23 billion from €2.84 billion.
Reported net income grew 39.8% from the prior-year period to €232.0 million, or 49 cents per share, from €166.0 million, or 35 cents per share.
