Lanxess sales drop 9 percent in 2013

EUROPEAN PLASTICS NEWS

Published: March 20, 2014 9:51 am ET
Updated: March 20, 2014 9:54 am ET

Related to this story

Topics Materials Suppliers
Companies & Associations

Lanxess AG, the Germany-based rubber and thermoplastics group, has announced its full year results for 2013 reporting sales dropped by 9 percent from 2012.

The Cologne-based company says sales fell from 9.1 billion euros ($12.4 billion) in 2012 to 8.3 billion euros ($11.4 billion) in 2013. Earnings before interest, taxes, depreciation and amortization declined by 40 percent to 735 million euros ($1 billion) from 1.2 billion euros ($1.6 billion).

Sales in the performance polymers segment of the business declined by around 13 percent to about 4.5 billion euros ($6.2 billion), but volumes increased by around 4 percent, due in part, the company reports, to capacity expansions in the butyl rubber and high performance materials units.

"Behind us lies a challenging year," said Bernhard Duettmann, chief financial officer of Lanxess. "Negative effects were the volatile raw material prices and increasing competition, especially in the synthetic rubber business."

Sales in Europe (excluding Germany), the Middle East and Africa decreased by around 5 percent to 2.4 billion euros ($3.3 billion) from 2012 to 2013, but Lanxess says these region's share of group sales increased to 29.

In North America, sales fell about 17 percent to 1.3 billion euros ($1.8 billion). North American sales made up 16 percent of all Lanxess sales.

Meanwhile in Germany, Lanxess posted sales of around 1.5 billion euros ($1.8 billion) almost 8 percent below 2012’s figure with the country accounting for 17 percent of sales.

Lanxess says that in 2014 it anticipates a slight improvement in EBITDA pre exceptionals, due to the absence of one-time items, even if selling prices stay at low levels.


Comments

Lanxess sales drop 9 percent in 2013

EUROPEAN PLASTICS NEWS

Published: March 20, 2014 9:51 am ET
Updated: March 20, 2014 9:54 am ET

Post Your Comments


Back to story


More stories

Image

Ford moving forward in carbon fiber for 'high volume' use

April 17, 2015 10:21 am ET

Ford Motor Co. has signed a deal with a carbon-fiber manufacturer to jointly explore “high-volume” automotive uses for the lightweight...    More

Image

Force majeure declared at six European sites since mid-March

April 17, 2015 1:10 pm ET

At least six European resin makers have declared force majeure on polyethylene, polypropylene and related products since mid-March, leading to higher ...    More

Image

Executives step down from Star Thermoplastics

April 17, 2015 12:56 pm ET

Executives Randall Fortin and Larry Johnson no longer are with materials firm Star Thermoplastics Alloys & Rubbers Inc.    More

Image

Zoltek expanding CF capacity in Europe

April 17, 2015 10:12 am ET

Leading carbon fiber group Zoltek Corp. has signed a strategic agreement with the Hungarian government to expand its operation in northern Hungary,...    More

Image

Hanwha Azdel adds capacity in Lynchburg

April 16, 2015 2:01 pm ET

Composite maker Hanwha Azdel Inc. will add space and a new production line at its Lynchburg, Va., production facility, the company announced April 16.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events