Home / Knowledge / News / Textiles / LANXESS starts 2008 with a strong Q1
LANXESS starts 2008 with a strong Q1
20
May '08
Specialty chemicals group LANXESS AG had sales of EUR 1,535 million in the first quarter of 2008 (Q1 2007: EUR 1,711 million). Adjusted for portfolio and currency effects, sales grew by 8.1 percent year on year. Reported sales declined as expected, coming in 10.3 percent below the prior-year quarter.

EBITDA pre exceptionals rose by 0.5 percent to EUR 220 million (Q1 2007: EUR 219 million), with selling price and volume increases more than offsetting adverse raw material price and currency developments.

The prior-year figure contained earnings of roughly EUR 10 million from the since-divested Lustran Polymers activities.

The EBITDA margin before special items rose by a substantial 1.5 percentage points to 14.3 percent. Net income improved significantly, moving ahead 13.2 percent to EUR 103 million (Q1 2007: EUR 91 million).

“Through our strict alignment toward premium products with leading market positions, we once again achieved above-average corporate success in a challenging market environment,” commented Axel C. Heitmann, Chairman of the LANXESS Board of Management.

He said Group sales benefited from 3.8 percent higher prices and 4.3 percent volume growth. “We succeeded in passing on the increase in raw material costs in all segments,” Heitmann added.

Business trend by region:
LANXESS increased sales in all regions on a portfolio- and currency-adjusted basis. There was an encouraging increase in sales in Asia-Pacific, supported by ongoing market growth in the region.

Adjusted sales climbed by 25 percent, while the reported sales figure was down 6.3 percent year on year at EUR 281 million. This region's share of LANXESS's global sales increased from17.5 percent to 18.3 percent. Double-digit growth rates were recorded in India, Japan and China.

In a positive economic environment, adjusted sales in Germany rose by 1.8 percent. The reported figure declined by 9.2 percent to EUR 373 million (Q1 2007: EUR 411 million). Germany's share of Group sales edged upward from 24.0 to 24.3 percent.

In the EMEA region (Europe, Middle East and Africa, excluding Germany), LANXESS saw sales grow by 5.9 percent after adjusting for portfolio and currency effects. Growth was driven particularly by the western European markets, with sales rising by a double-digit percentage in Belgium and single-digit figures in France and Italy.


Must ReadView All

Decision in UK budget to attract investment in retail: BRC

Textiles | On 24th Nov 2017

Decision in UK budget to attract investment in retail: BRC

British finance minister Philip Hammond’s announcement in his budget...

Courtesy: Shangdong Ruyi

Textiles | On 24th Nov 2017

Shangdong Ruyi to acquire major stake in Bagir

Shangdong Ruyi Technology Group Ltd, one of the leading Asian global...

Chinese e-commerce firm JD.com invests $44 mn in Tiki.vn

Apparel/Garments | On 24th Nov 2017

Chinese e-commerce firm JD.com invests $44 mn in Tiki.vn

Chinese e-commerce firm JD.com has invested $44 million in Tiki.vn, a ...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search