The decline in earnings was primarily attributed to increased feedstock and energy costs, particularly in North America, along with planned and unplanned outages in the Performance and Essential Materials segment.
Hempel announced its highest adjusted EBITDA to date and welcomed CVC as a minority investor, strengthening its long-term strategy and innovation initiatives.
Evonik's adjusted EBITDA rose 25% in 2024, with profitability improvements and restructuring initiatives positioning the company for continued success.