15 March 2017
DETAILS
- Net income increases by 16.4 percent
to EUR 192 million - EBITDA pre exceptionals in fiscal 2016
increases by 12.4 percent to EUR 995 million - EBITDA margin pre exceptionals improves
from 11.2 to 12.9 percent - Volumes grow in all segments
- Proposed dividend for 2016
at EUR 0.70 per share;
an increase of 17 percent - Strong first quarter 2017 expected:
approximately 20 percent increase
in EBITDA pre exceptionals - Guidance for the full year 2017:
EBITDA pre exceptionals slightly
above the prior-year level - Preparations for
planned Chemtura acquisition progressing well
The LANXESS Board of Management
at the company's Annual Press Conference:
(from left to right)
Rainier van Roessel, Member of the Board
and Labor Director,
Michael Pontzen, CFO,
Matthias Zachert, CEO,
and Hubert Fink, Member of the Board.
Photo: LANXESS AG
Also in 2016, the company made
a number of important strategic decisions
and realigned its portfolio.
ARLANXEO,
a joint venture with Saudi Aramco
for the synthetic rubber business,
started operating on April 1.
At the end of August, LANXESS closed
the acquisition of
the Clean & Disinfect business
of U.S. chemical company Chemours.
In September, LANXESS announced
the acquisition of U.S. specialty chemicals company
Chemtura,
a leading supplier of flame retardant
and lubricant additives.
Both acquisitions strengthen LANXESS’s position
in high-margin specialty chemicals markets.
Matthias Zachert,
Chairman of the Board of Management
of LANXESS AG
“LANXESS is back on track for success.
We have achieved key milestones
in our reorganization to make LANXESS
a more stable and profitable enterprise
and we have progressed a good way
on our course of growth.
This is reflected in our very positive business data
for 2016,”
“We aim to continue on this growth path,
above all through the planned acquisition of Chemtura,
and to further increase our operational strength.”
WWW.CHEMWINFO.COM BY KHUN PHICHAI
