LANXESS raises guidance for 2015 following a strong second quarter_Carve-out process for the rubber business initiated_by chemwinfo

 6 August 2015

ABOUT LANXESS

MATTHIAS ZACHERT 

Chairman of the Board of Mangement of the LANXESS AG

DETAILS

Following a strong second quarter,

LANXESS

again raised its guidance for the full year 2015.

Net income improved by a substantial 58.2 percent

to EUR 87 million from EUR 55 million a year earlier.

Operational development and proceeds

from the sale of noncurrent assets contributed to this increase

The company now expects to achieve

EBITDA pre exceptionals within a corridor of

EUR 840 million and EUR 880 million.

It had previously assumed that EBITDA pre exceptionals

for the full year would come in at between

EUR 820 million and EUR 860 million. 

Realignment remains fully on schedule

The three-phase realignment program initiated by LANXESS

last year continues to progress on schedule.

1. The company has already successfully implemented

    the first phase.

2. Measures of the second phase, aimed at

    improving operational competitiveness, have also been initiated.

    They include the reorganization of the production networks

    for its rubber types EPDM (ethylene propylene diene monomer) and

    Nd-PBR (neodymium-based performance butadiene rubber).

3. The third phase of the program is focused on

    improving the competitiveness of the business portfolio,

    especially through potential alliances in the rubber business.

Matthias Zachert,

 Chairman of the Board of Management of LANXESS

    “In this connection, we are currently engaged in

     very constructive discussions and assume that

     we will achieve concrete results in

     the course of the second half of the year,” 

LANXESS has initiated

a carve-out process 

to transfer its rubber business

to a legally independent business entity within the LANXESS Group.

Matthias Zachert,

Chairman of the Board of Management of LANXESS

“In this way, we are creating the conditions that

will enable us to bring the rubber business into an alliance,”

The new entity is supposed to comprise

the Tire & Specialty Rubbers (TSR) and

High Performance Elastomers (HPE) business units,

* with their 20 production facilities and

* some 3,700 employees as well as

* supporting administrative functions

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CONTACT LANXESS

Daniela Eltrop

Spokesperson Financial and Business Media

Phone: +49 221 8885 4010

Rudolf Eickeler

Spokesperson Financial and Business Media

Phone: +49 221 8885 4483

Fax.:    +49 221 8885 5691

Ingo Drechsler

Head of External Relations

Phone: +49 221 888 53790

Fax.:    +49 221 8885 4994

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