DGAP-Adhoc: LANXESS Aktiengesellschaft: LANXESS with substantially better Q4 2012 earnings year-on-year

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

07.03.2013 11:34

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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LANXESS with substantially better Q4 2012 earnings year-on-year 

Leverkusen - The specialty chemicals company LANXESS AG has achieved
substantially higher earnings in the fourth quarter of 2012 compared to the
same quarter in 2011, despite soft underlying demand.

LANXESS increased EBITDA pre exceptionals by 37 percent year-on-year to EUR
239 million from EUR 174 million a year ago.
Earnings per share (EPS) grew to EUR 0.62 compared to EUR 0.06 a year
earlier.

The main factors supporting this result were the company's strict cost
discipline and proven flexible asset management. In addition, the fourth
quarter of 2011 included EUR 35 million in charges for inventory
devaluations.

As a result, LANXESS achieved an EBITDA pre exceptionals of
EUR 1,225 million in the business year 2012. This was an increase of seven
percent compared to 2011 and the company achieved its full-year guidance of
5-10 percent earnings growth.

Soft underlying demand in the second half of 2012 has continued into 2013
across most businesses, against the usual seasonal trend.
However, LANXESS expects demand to pick up during the year and is
strategically well positioned to benefit from the expected recovery in the
global economic development.
 
LANXESS remains confident to achieve its mid-term earnings goals of 
EUR 1.4 billion and EUR 1.8 billion EBITDA pre exceptionals in 2014 and
2018 respectively.

LANXESS will publish its full-year earnings for 2012 at its annual press
conference in Dusseldorf on March 21, 2013. All numbers in this release are
preliminary and unaudited.

Leverkusen,  March 7, 2013

Forward-Looking Statements
This 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.


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Language:     English
Company:      LANXESS Aktiengesellschaft
              Gebäude K10
              51369 Leverkusen
              Germany
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:      DAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart;
              Terminbörse EUREX
 
End of Announcement                             DGAP News-Service
 
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