LANXESS records significant gains in Germany, China
22 May '06
3 min read
Sales in the Chemical Intermediates segment increased slightly in the first quarter of 2006 to EUR 395 million (EUR 389 million), up 1.5 percent from the prior-year period. The Basic Chemicals and Inorganic Pigments business units raised prices to pass on higher raw material and energy costs.
The Fine Chemicals business unit, which was transferred to the separate legal entity Saltigo with effect from the start of 2006, posted a decline in sales to agrochemical producers, while the market for pharmaceutical intermediates developed well. EBITDA pre exceptionals for the segment increased by 9.2 percent to EUR 71 million (EUR 65 million). The EBITDA margin pre exceptionals improved from 16.7 percent to 18.0 percent.
Sales revenues in the Performance Chemicals segment rose by 8.2 percent to EUR 517 million (EUR 478 million), the slight decline in volume being offset by price increases.
Nearly all the business units in this segment raised their prices, with the Rubber Chemicals and Leather business units posting significant growth in volume at the same time. The Textile Processing Chemicals business unit recorded a significant drop in volume, especially in Europe and Japan.
EBITDA pre exceptionals advanced by 19.0 percent to EUR 69 million (EUR 58 million), thanks largely to the improved business in the Rubber Chemicals and Leather business units. The EBITDA margin pre exceptionals for the segment rose by 1.2 percentage points to 13.3 percent.
LANXESS is a leading chemicals group with production sites and agencies all over the world: a global player in the fields of chemicals, plastics and rubber.
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