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LANXESS: Positive business trend continues

Published on 2005-11-14. Author : SpecialChem

LEVERKUSEN -- The positive business trend at chemicals company LANXESS AG continued in the third quarter of 2005. According to preliminary figures, EBITDA pre exceptionals showed a sharp 41% improvement from the prior-year quarter, to EUR 148 million (Q3 2004: EUR 105 million). The EBITDA margin pre exceptionals amounted to 8.3% (Q3 2004: 6.0%). LANXESS lifted sales by EUR 12 million to EUR 1,776 million (Q3 2004: EUR 1,764 million).

In light of the continued stability in LANXESS's market environment and the successfully initiated restructuring measures, LANXESS has raised its earnings target for the current fiscal year and now expects to report EBITDA pre exceptionals of EUR 560 to 580 million, compared to previous guidance of EUR 550 to 560 million.

LANXESS will publish its complete Q3 interim report on November 17, 2005.

Forward-Looking Statements
This news release contains forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Source: LANXESS AG


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