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Evonik Industries Q3 profit climbs YOY

Evonik Industries AG said its third-quarter normalized net income came to 47 euro cents per share, compared with the S&P Capital IQ consensus estimate of 54 cents per share.

EPS climbed year over year from 45 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €218.8 million, an increase from €209.1 million in the prior-year period.

The normalized profit margin declined to 6.2% from 6.6% in the year-earlier period.

Total revenue grew 12.4% year over year to €3.56 billion from €3.16 billion, and total operating expenses grew 13.0% year over year to €3.12 billion from €2.76 billion.

Reported net income decreased on an annual basis to €218.0 million, or 47 cents per share, from €222.0 million, or 48 cents per share.