Germany: LANXESS closed its fiscal year with the announcements of results. In 2018, EBITDA pre exceptionals increased by 9.8 percent to EUR 1.016 billion. As forecast, earnings are at the upper end of the range of 5 to 10 percent above the previous year’s figure of EUR 925 million (without ARLANXEO).
“Despite rising economic headwind, we delivered on our promises. We made very good progress strategically and operationally: LANXESS now has a very clear focus on specialty chemicals. Today, we are more profitable, more stable and more competitive than ever – and that is paying off,” said Matthias Zachert, Chairman of the Board of Management of LANXESS AG.
The good operating result was driven in particular by the operating strength of the Advanced Intermediates, Specialty Additives and Engineering Materials segments as well as the integration of Chemtura and the phosphorus additives business acquired from Solvay. The EBITDA margin pre exceptionals came in at 14.1 percent.
LANXESS group sales rose by 10.2 percent from EUR 6.53 billion in the previous year to EUR 7.197 billion. At EUR 431 million, net income was considerably higher than the previous year’s figure of EUR 87 million. This was due to the year-on-year improvement in the operating result as well as effects from the sale of the 50 percent stake in ARLANXEO. The previous year’s net income was reduced by one-off expenses.
The successful fiscal year 2018 is also expected to pay off for LANXESS shareholders. The Board of Management and Supervisory Board will propose a dividend of EUR 0.90 per share to the Annual Stockholders’ Meeting on May 23, 2019. This would be 12.5 percent more than in the previous year.
Compared with the previous year, the results of all segments were affected by negative exchange rate effects, particularly from a weaker U.S. dollar.
LANXESS has made a solid start to the new year despite the weakening economy. LANXESS expects EBITDA pre exceptionals for the full year 2019 to be around
LANXESS will specify the earnings forecast for the full year 2019 when it presents its quarterly results on May 14, 2019.
LANXESS is a leading specialty chemicals company with sales of EUR 7.2 billion in 2018. The company currently has about 15,400 employees in 33 countries and is represented at 60 production sites worldwide. The core business of LANXESS is the development, manufacturing
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