Lanxess sales increased 23 percent

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Lanxess sales increased 23 percent
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, G; p/ {3 k5 D+ _$ F5 WLeverkusen, Germany - Lanxess reported that 2011 sales climbed by 23 percent to EUR 8,775 million. EBITDA pre exceptionals improved by 25 percent to EUR 1,146 million, exceeding EUR 1 billion for the first time. The EBITDA margin pre exceptionals came in at 13.1 percent, compared with 12.9 percent the year before. Net income rose disproportionately compared with sales and EBITDA pre exceptionals, improving by one third from the previous year to EUR 506 million. “Following last year’s record earnings, Lanxess got off to a promising start in 2012. We expect to post EBITDA pre exceptionals of between EUR 330 million and EUR 350 million in the first quarter. That means we will exceed the record set in the same period of last year,” said Lanxess CEO Axel C. Heitmann. “Our plans for continued growth are founded on innovations and technologies that serve the global megatrends, especially mobility – with the primary focus on solutions for sustainable mobility.” In 2011, Lanxess achieved sales of some EUR 1.5 billion – around 17 percent of total sales – with products and technologies for “green mobility.” “We plan to boost this figure by 80 percent to about EUR 2.7 billion by 2015,” said Heitmann. In the fourth quarter of 2011, Lanxess improved sales by 16 percent compared with the very strong prior-year quarter, to EUR 2,123 million. EBITDA pre exceptionals came in at EUR 174 million, just above the prior-year level of EUR 172 million.