Stochter
Profile Picture
European Investor 08 Feb 2026, 18:30
Evonik announced a new, more flexible dividend policy while confirming it met its earnings guidance for 2025. Starting with the 2026 financial year, Evonik will target an annual shareholder distribution of 40–60% of adjusted net income, replacing the previous fixed approach. As a transition, the company plans to pay a dividend of €1.00 per share for 2025, down from €1.17 previously, implying a dividend yield of about 7%.

Evonik reported adjusted EBITDA of €1.874 billion for 2025, in line with guidance, despite sales declining around 7% year on year to €14.1 billion. Strong cash generation supported a free cash flow of €695 million and a cash conversion rate at the top of the target range. Net income rose to €265 million.

For 2026, Evonik expects adjusted EBITDA between €1.7 and €2.0 billion, citing a challenging economic environment. Management said the new dividend policy aims to balance shareholder returns with financial flexibility, investment capacity, and further deleveraging.

Comments

No comments yet.