# Despite difficult environment: Third quarter better than second

> Evonik reported third-quarter 2023 adjusted EBITDA of €485 million, up 8% from the second quarter but down 21% year-on-year, with group sales falling 23% to €3.77 billion. Methionine prices bottomed in the third quarter and have improved slightly since. The company also plans to split its Technology & Infrastructure division and streamline administration.

- Date: 2023-11-07 · published 2023-11-07T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/33503-despite-difficult-environment-third-quarter-better-than-second
- Commodities: [Methionine](https://feedsoft.ai/c/METH.md)

## Why it matters

Methionine is a key feed amino acid, and a bottoming in Evonik's methionine prices with a slight recovery points to firmer feed-additive pricing for animal nutrition buyers, though demand remains weak.

## Read by commodity

- METH: bullish ▲

## Sources

- evonik.com: https://www.evonik.com/en/news/press-releases/2023/11/despite-difficult-environment--third-quarter-better-than-second.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.