Evonik Industries (EVK) AGM 2026 summary

Opening remarks and agenda

• The meeting was opened virtually in accordance with company articles and German law, with all formalities and notification requirements confirmed as met.

• Shareholders were informed about their rights to speak, ask questions, and submit motions via the online service, with technical instructions provided.

• Voting procedures, including postal and proxy voting, were explained, with flexibility to change votes during the meeting.

Board and executive committee updates

• Two new employee representatives, Melanie Knappe and Frank Münch, joined the Supervisory Board, succeeding outgoing members.

• Michael Rauch was appointed CFO, succeeding Maike Schuh, bringing extensive industry and capital markets experience.

• The contract of the Chairman of the Executive Board, Mr. Kullmann, was extended until 2030, signaling stability.

Financial performance review

• The group faced significant challenges in 2025 due to global economic and geopolitical pressures, especially erratic U.S. tariff policy.

• Adjusted EBITDA for 2025 was nearly EUR 1.9 billion, with free cash flow close to EUR 700 million.

• Share price volatility was noted, with a 20% drop in 2025 but a 30% rise since early 2026 following strategic decisions.

• Q1 2026 EBITDA reached EUR 475 million, with Q2 expected to improve further.