ERJ staff report (DS)
Leverkusen, Germany - Lanxess AG continued on a path of growth in 2011, with record sales and earnings figures. Sales climbed by 23 percent to EUR 8,775 million. EBITDA pre exceptionals improved by 25 percent to EUR 1,146 million, exceeding EUR 1 billion for the first time.
Net income rose disproportionately compared with sales and EBITDA pre exceptionals, improving by one third from the previous year to EUR 506 million.
Performance Polymers posted the highest sales of all the segments, with revenues up by 37 percent to approximately EUR 5.1 billion.
The Butyl Rubber and Performance Butadiene Rubbers business units benefited from strong market demand for original equipment and replacement tires.
In the Technical Rubber Products and Semi-Crystalline Products business units, sales increased because of rising demand from automotive manufacturers. Sales of the
Technical Rubber Products business unit grew by the largest percentage following the acquisition of the Keltan EPDM business. EBITDA pre exceptionals for the segment climbed by 40 percent to EUR 768 million.
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
Press release from Lanxess