DGAP-Adhoc: LANXESS AG: LANXESS sets ambitious growth target

LANXESS AG  / Key word(s): Forecast

15.09.2010 07:28 

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Dusseldorf - LANXESS announced today its goal to increase its leading
earnings indicator by roughly 80 percent in the coming five years. The
specialty chemicals company is targeting EBITDA pre exceptionals of
approximately EUR 1.4 billion in 2015 and confirmed
its forecast of roughly EUR 800 million EBITDA pre exceptionals in 2010.
LANXESS plans to achieve its mid-term earnings target
through a dual-track growth strategy of organic and external growth.
Organic growth will play the more dominant role.

LANXESS' businesses benefit from their focus on premium products serving
the four megatrends of mobility, agriculture, urbanization and water. The
company's BRIC strategy and the expected growth of its leading customer
industries will help each of its businesses to
generate an EBITDA compound annual growth rate of at least 5
percent through 2015. The percentage of group sales in BRIC 
countries has more than doubled in the last five years.

LANXESS is the leader in rubber for the high-performance, environmentally
friendly 'green tire' market - the fastest growing segment in the tire
industry, with an annual global growth rate of about 9.0 percent. As a
result, the company is expanding its production
capacities in Germany, USA and Brazil for neodymium polybutadiene rubber
(Nd-PBR), which is essential in the production of high-performance tires.

Furthermore, it is considering building a new production plant for Nd-PBR
in Asia, with a capacity of 100,000 to 150,000 metric tons per annum. A
feasibility study is currently under way, and a final decision
on the project will be made within the next six months.

Simultaneously, LANXESS will continue to explore external growth
opportunities to strengthen the existing business portfolio. The current
focus is on small to medium-sized acquisitions similar to the transaction
size of past acquisitions.




Leverkusen, September 15, 2010


Forward-Looking Statements
This news release may contain forward-looking statements based on current
assumptions and forecasts made by LANXESS AG management. Various known and
unknown risks, uncertainties and other factors could lead to material
differences between the actual future results, financial situation,
development or performance of the company and the estimates given here. The
company assumes no liability whatsoever to update these forward-looking
statements or to conform them to future events or developments.


15.09.2010 07:28 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      LANXESS AG
              Gebäude K10
              51369 Leverkusen
              Deutschland
Phone:        +49 (0)214 30 33333
Fax:          +49 (0)214 30 40 944
E-mail:       ir@lanxess.com
Internet:     www.lanxess.com
ISIN:         DE0005470405
WKN:          547040
Indices:      MDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Hannover, Stuttgart, Hamburg, München, Düsseldorf;
              Terminbörse EUREX
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------