Following a solid third quarter, Lanxess strengthens its position

In the Performance Chemicals segment, sales decreased by 8.5 percent to EUR 334 million – after EUR 365 million in the prior year. At EUR 53 million, EBITDA pre exceptionals was 18.5 percent down on the prior year’s figure of EUR 65 million. Earnings were squeezed by a weaker chrome ore business due, among other things, to strikes, the sale of the Material Protection Products business unit’s chlorine dioxide business and lower volumes of pigments for the construction industry. The EBITDA margin pre exceptionals decreased from 17.8 percent to 15.9 percent.

In the Engineering Materials segment, sales grew by 12.6 percent to EUR 394 million, against EUR 350 million in the prior year. EBITDA pre exceptionals increased sharply by 9.4 percent to EUR 70 million compared with EUR 64 million in the prior year. The High Performance Materials business unit, in particular, contributed to this performance with increased volumes and higher prices. The EBITDA margin pre exceptionals of 17.8 percent was slightly below the figure of 18.3 percent posted in the prior-year quarter.

Source: Lanxess AG