Lanxess’ goal to be achieved a year early

qiangzi

Thursday, September 20, 2012
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9 f  u' i5 N7 B$ k6 x' V0 h' D* MNew York/Leverkusen - Lanxess is announcing a new mid-term goal for its leading earnings indicator, EBITDA pre exceptionals, of EUR 1.8 billion in 2018. The specialty chemicals company is strategically well-positioned to continue on its established growth path and plans to achieve its previously established goal of EUR 1.4 billion EBITDA pre exceptionals in 2014, a year ahead of schedule. The company has increased its key performance indicator by an average of 20% annually since 2004. For 2012, the company reconfirmed its guidance for EBITDA pre exceptionals to increase by 5-10% percent year-on-year. Lanxess will continue to pursue a disciplined dual-track growth strategy, which will maintain roughly a two-to-one ratio of organic to external growth, thus prioritizing capital expenditure projects over acquisitions. Last week, the company acquired Bond-Laminates, a German firm that produces custom-made plastic composite sheets that are reinforced with materials such as glass fibers.