Welcome to LANXESS Interim Report!

Skip to:zur Hauptnavigation,zum Inhaltsbereich,zur Suche

Advanced Intermediates

expand table

reduce table

Advanced Intermediates
                     
  Q3 2012 Q3 2013 Change 9M 2012 9M 2013 Change
  € million Margin
 %
€ million Margin
 %
% € million Margin
 %
€ million Margin
 %
%
Sales 403   403   0.0 1,231   1,229   (0.2)
EBITDA pre exceptionals 75 18.6 71 17.6 (5.3) 224 18.2 216 17.6 (3.6)
EBITDA 75 18.6 71 17.6 (5.3) 224 18.2 220 17.9 (1.8)
Operating result (EBIT)
pre exceptionals
58 14.4 51 12.7 (12.1) 174 14.1 160 13.0 (8.0)
Operating result (EBIT) 58 14.4 51 12.7 (12.1) 174 14.1 164 13.3 (5.7)
Cash outflows for capital expenditures 1) 22   28   27.3 54   70   29.6
Depreciation and amortization 17   20   17.6 50   56   12.0
Employees as of September 30
(previous year: as of Dec. 31)
2,841   2,871   1.1 2,841   2,871   1.1
1) intangible assets and property, plant and equipment

Sales of the Advanced Intermediates segment in the third quarter of 2013 were flat with the prior-year period at €403 million. Volumes advanced by 4.7%, partly in light of the higher demand for agrochemicals, while selling price adjustments driven by changes in raw material costs resulted in a 2.5% negative price effect. Currency effects led to an additional 2.2% decline in sales.

Continuation of the gratifying demand from the agrochemical sector and the flavors and fragrances industry brought about a positive volume effect in both of the segment’s business units. In the Advanced Industrial Intermediates business unit, selling price adjustments made in response to raw material price changes had the opposite effect. Exchange rate developments also had an adverse impact on sales. By contrast, selling prices in the Saltigo business unit were slightly above the previous year. This factor along with the volume growth contributed to the gratifying sales development. Growth in this segment was driven by North America and EMEA (excluding Germany), while business in the other regions receded.

EBITDA pre exceptionals in the Advanced Intermediates segment decreased by a modest €4 million or 5.3% against the prior-year quarter, to €71 million. The effects of higher volumes and lower raw material costs were offset by a decrease in selling prices and adverse effects from shifts in currency parities. The EBITDA margin remained strong at 17.6%, against 18.6% in the prior-year quarter.

Service