In what remains a difficult competitive environment, specialty chemicals group LANXESS expects EBITDA pre exceptionals of around EUR 200 million for the first quarter of 2014. In the prior-year quarter, the company posted EBITDA pre exceptionals of EUR 174 million that was burdened by several factors including start-up costs.
In what remains a difficult competitive environment, specialty chemicals group LANXESS expects EBITDA pre exceptionals of around EUR 200 million for #
Highlights:
-Full-year 2013 sales fall by nine percent to EUR 8.3 billion
-EBITDA pre exceptionals declines by 40 percent to EUR 735 million
-Group net loss of EUR 159 million impacted by impairment charges
-Proposed dividend of EUR 0.50 per share
-Q1 2014 EBITDA pre exceptionals expected to be around EUR 200 million
In what remains a difficult competitive environment, specialty chemicals group LANXESS expects EBITDA pre exceptionals of around EUR 200 million for #
LANXESS also confirmed the preliminary figures for fiscal 2013 published on February 26, 2014.
In what remains a difficult competitive environment, specialty chemicals group LANXESS expects EBITDA pre exceptionals of around EUR 200 million for #
Sales fell by nine percent against the prior year to EUR 8.3 billion. This development was primarily due to lower selling prices in the Performance Polymers segment resulting from declining raw material prices and the challenging competitive situation. EBITDA pre exceptionals decreased by 40 percent year on year to EUR 735 million and was thus within the guided range of EUR 710 million to EUR 760 million.
In what remains a difficult competitive environment, specialty chemicals group LANXESS expects EBITDA pre exceptionals of around EUR 200 million for #
This was also attributable to an increase in production-related costs and negative currency effects. The slight increase in volumes could not compensate for the decline in earnings. The Group's EBITDA margin pre exceptionals fell to 8.9 percent from 13.4 percent in 2012.
In what remains a difficult competitive environment, specialty chemicals group LANXESS expects EBITDA pre exceptionals of around EUR 200 million for #
In the fourth quarter of 2013, Group net income was impacted by impairment charges of EUR 257 million in the Performance Polymers segment (business units Keltan Elastomers and High Performance Elastomers) and the Performance Chemicals segment (business unit Rubber Chemicals), as well as by exceptional charges of some EUR 30 million brought forward for the “Advance” efficiency program.
In what remains a difficult competitive environment, specialty chemicals group LANXESS expects EBITDA pre exceptionals of around EUR 200 million for #
These resulted in a net loss for the full year of EUR 159 million, representing earnings per share of minus EUR 1.91. In 2012, Group net income amounted to EUR 508 million, with earnings per share of EUR 6.11.
In what remains a difficult competitive environment, specialty chemicals group LANXESS expects EBITDA pre exceptionals of around EUR 200 million for #
"Behind us lies a challenging year," said LANXESS Chief Financial Officer Bernhard Duettmann. "Negative effects were the volatile raw material prices and increasing competition, especially in the synthetic rubber business."
In what remains a difficult competitive environment, specialty chemicals group LANXESS expects EBITDA pre exceptionals of around EUR 200 million for #
The company will propose to the Annual Stockholders’ Meeting on May 22, 2014, that a dividend of EUR 0.50 per share be paid for 2013. This would result in a total dividend payment of around EUR 42 million. A dividend of EUR 1.00 per share was paid for 2012.
In what remains a difficult competitive environment, specialty chemicals group LANXESS expects EBITDA pre exceptionals of around EUR 200 million for #
In what remains a difficult competitive environment, specialty chemicals group LANXESS expects EBITDA pre exceptionals of around EUR 200 million for #
In what remains a difficult competitive environment, specialty chemicals group LANXESS expects EBITDA pre exceptionals of around EUR 200 million for #
LANXESS
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