DGAP-Adhoc: LANXESS Aktiengesellschaft: Earnings for second quarter 2015 above market expectation

LANXESS Aktiengesellschaft  / Key word(s): Quarter Results/Preliminary Results

23.07.2015 10:09

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Cologne - Specialty chemicals company LANXESS will achieve second quarter
2015 results that exceed current market expectations. EBITDA pre
exceptionals for the second quarter 2015 is estimated to come in at EUR 270
million, which is around 7 percent above analyst consensus estimates of EUR
253 million.

In the prior-year quarter, LANXESS' EBITDA pre exceptionals reached EUR 239
million. In comparison, the second quarter 2015 result was positively
impacted for instance by savings from the realignment program and the
favorable currency effect from the strong US dollar.

Net income for the second quarter 2015 is expected at EUR 87 million,
resulting in earnings per share (EPS) of EUR 0.95. Current market
expectations for net income of EUR 62 million and for EPS of EUR 0.68 will
thus be exceeded by around 40 percent each. Amongst others, one-time
exceptional earnings from asset sales are contributing to this deviation.
In the second quarter 2014, net income amounted to EUR 55 million and
earnings per share to EUR 0.63.

LANXESS will release its final results for the second quarter and the first
half of 2015 on August 6, 2015. All figures provided in this release are
preliminary and unaudited.

Cologne, July 23, 2015 

Forward-Looking Statements
This news release contains 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.


23.07.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      LANXESS Aktiengesellschaft
              Kennedyplatz 1
              50569 Köln
              Germany
Phone:        +49 (0)221 8885-0
Fax:          +49 (0)221 8885-4944
E-mail:       ir@lanxess.com
Internet:     www.lanxess.com
ISIN:         DE0005470405
WKN:          547040
Indices:      DAX
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
              Munich, Stuttgart; Terminbörse EUREX
 
End of Announcement                             DGAP News-Service
 
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