LANXESS’s financial situation in the third quarter was released, and all indexes have increased!

Based on the stable performance in the third quarter, specialty chemicals company Lanxess (Lanxess) has clarified its earnings forecast for the 2018 fiscal year.
Compared with 2017, it is expected that the growth rate of EBITDA within its regular business scope will reach the upper limit of the expected range of 5% to 10% .
Last year, this value was approximately 925 million euros .
5%～10% 925 million euros
"In the past few years, we have done enough homework and have identified LANXESS’ corporate positioning.
Therefore, in the face of economic headwinds and geopolitical uncertainties, we must stick to the original line.
"Matthias Zachert, Chairman of the LANXESS Group Management Board, said.
In the third quarter of 2018, especially because of higher sales prices, sales rose by 4.
4% to approximately 1.
79 billion euros.
In the last fiscal year with strong growth, LANXESS' sales reached 1.
71 billion euros.
Earnings before interest, taxes, depreciation, and amortization in the regular business scope increased by 1.
5% to 277 million euros compared with the 273 million euros in the same period last year.
Higher selling prices, the synergies brought about by the acquisition of Kozuya, and the acquisition of Solvay's phosphorus additives business completed in the spring have all had a positive impact on earnings.
The profit before interest, tax, depreciation and amortization within the normal business scope remained stable at 15.
5%.
In the same period last year, this value was 16.
0%.

Compared with the 55 million euros in the previous fiscal year , the net income from continuing operations increased significantly to 80 million euros .
In the same period of 2017, net income was affected by the additional expenses incurred due to the integration of the production network.
55 million euros, 80 million euros
, the best earnings in the special additives business segment.

In the third quarter of 2018, sales of the high-quality intermediates business segment were 534 million euros , compared with 481 million euros in the same period last year.
In comparison, an increase of 11% .
In the last fiscal year, EBITDA within the scope of conventional business reached 87 million euros .
The strong business capabilities of the high-quality industrial intermediates division make up for the continued weak demand from the agricultural industry that the Saltigo business division faces.
The profit before interest, tax, depreciation and amortization within the conventional business scope was 16.
3% , compared with 18.
1% last year .
534 million euros 481 million euros 11% 87 million euros 16.
3% 18.
1%
 For the special additives business segment, sales increased by 4.
6% to 502 million euros , compared with 480 million euros last year .
Earnings before interest, taxes, depreciation and amortization in the regular business scope reached 93 million euros , an increase of 20.
8% from last year's 77 million euros .
For the first time, this sector has made the greatest contribution to the company's growth.
The increase in revenue was mainly due to the synergies brought about by the acquisition of Cojua and the acquisition of the phosphorus additive business of Solvay in the United States.
The profit before tax, interest, depreciation and amortization in the regular business scope was 18.
5% , which was much higher than the 16.
0% in the same period last year .
4.
6% 502 million euros 480 million euros 93 million euros77 million euros 20.
8% 18.
5% 16.
0%
performance chemicals business segment, compared with 363 million euros in the same period last year , sales fell by 8.
5% to 334 million euros .
The profit before interest, tax, discount and amortization in the regular business scope was 53 million euros , a decrease of 18.
5% from the 65 million euros in the same period last year .
Revenue was squeezed due to the weaker chrome ore business.
In addition, due to the impact of strikes, the chlorine dioxide business of the material protection business unit and the decline in the total amount of pigments in the construction industry, the regular business scope has interest and tax discounts and EBITDA The rate decreased from 17.
8% to 15.
9% .
363 million euros 8.
5% 334 million euros 53 million euros 65 million euros 18.
5% 17.
8% 15.
9% The
engineering materials business segment had sales of 394 million euros , an increase of 12.
6% from 350 million euros in the same period last year .
Earnings before interest, tax, discounts and amortization within the scope of conventional business rose sharply by 9.
4% , from 64 million euros in the same period last year to70 million euros .
Especially the high-performance materials business unit, benefiting from the sharp increase in sales and higher prices, has contributed to the outstanding performance of this sector.
The EBITDA margin within the regular business scope was 17.
8% , slightly lower than 18.
3% in the same period last year .
394 million euros 350 million euros 12.
6% 9.
4% 64 million euros 70 million euros 17.
8% 18.
3%.

Source: Ai Tubang Public Account