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Lanxess achieved an outstanding set of results in 2010

March 17/2011

(Lanxess) -- Lanxess achieved an outstanding set of results in 2010 due to its strategic set-up and the general recovery in business. Sales in 2010 rose 41 percent year-on-year to EUR 7.1 billion, driven by strong volume growth and price increases. EBITDA pre exceptionals nearly doubled to EUR 918 million. Lanxess had forecast about EUR 900 million EBITDA pre exceptionals for 2010. The EBITDA margin pre exceptionals for the full year was 12.9 percent compared to 9.2 percent in 2009. Net income rose nearly tenfold to EUR 379 million.

УOur growth story is set to continue after an outstanding 2010 and an excellent start to 2011,Ф said Chief Executive Officer Axel C. Heitmann at annual press conference in Dusseldorf.Ф Growth will be driven by our focus on emerging markets and premium products serving the global megatrends mobility, urbanization, agriculture and water.Ф

Lanxess' core business comprises the development, manufacture and sale of plastics, rubber, specialty chemicals and intermediates. In addition, it supports its customers in developing and implementing made-to-measure system solutions.

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