At a glance
Evonik is a modern industrial group based in Germany with operations around the world. Our Chemicals, Energy and Real Estate Business Areas are positioned at the forefront of their sectors and we are systematically strengthening their quality and technological edge. In 2007 Evonik had over 43,000 employees and generated sales of around €14.4 billion and an operating profit (EBIT) of more than €1.3 billion.
Corporate Structure
Our operations are grouped in eight business units which are assigned to five reporting segments: Technology Specialties, Consumer Solutions, Specialty Materials, Energy and Real Estate. The business units act as entrepreneurs within the enterprise and report directly to the Executive Board. The Corporate Center in Essen, Germany, is responsible for the strategic management of the Group. Business units and Corporate Center are supported by a Shared Service Center, which provides Group-wide services such as procurement and payroll accounting.
We have a presence in more than 100 countries and 60 percent of our sales are generated outside
of Germany.
Our core competences – creativity, specialization, continual self-renewal and reliability –
create value for our customers and pave the way for profitable growth.
Key Financial Data
Below please find the financial figures of the Evonik Group for fiscal 2007.
Strategy
Our portfolio comprises sound operations and businesses with attractive growth potential. We play a significant role in the response to economic mega-trends such as energy efficiency, health & wellness, and globalization & demographic change, giving us a foothold in new promising markets. Efficient capital allocation and portfolio management are top priorities for the Evonik Group: we invest in businesses with sustained and profitable growth prospects. Between 2008 and 2010 we intend to invest around €4.0 billion in property, plant and equipment. Businesses that do not meet our profitability requirements and are not expected to do so in the future are divested.
