Lanxess: Results in 2010
Lanxess AG, Leverkusen, Germany, 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% 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. The company had forecast about EUR 900 million Ebitda pre exceptionals for 2010. The Ebitda margin pre exceptionals for the full year was 12.9% compared to 9.2% in 2009. Net income rose nearly tenfold to EUR 379 million.
The Latin America region showed the strongest growth in 2010, with sales rising 85% year-on-year to EUR 955 million. It accounted for 13% of group sales. The main growth driver was the company’s Performance Polymers segment in Brazil.
Sales in the Asia/Pacific region rose 43% year-on-year to EUR 1.6 billion, accounting for 23% of group sales. The segment Advanced Intermediates showed the strongest growth, boosted by the acquired Basic Chemicals companies in India and China.
EMEA (Europe excluding Germany, Middle East, Africa) remained the group’s largest region. Sales rose 31% year-on-year to EUR 2.0 billion and accounted for 29% of group sales. The growth driver was above all the Performance Polymers segment. Russian, Turkey and South Africa were the countries with the strongest sales growth in percentage terms in 2010.
Sales in the four BRIC countries (Brazil, Russia, India, China) rose 60% year-on-year to EUR 1.6 billion and represented 23% of group sales in 2010 in comparison to 20% in 2009.
North America saw sales rise 50% year-on-year to EUR 1.2 billion in 2010, accounting for 16% of group sales. The company’s Performance Polymers segment increased sales by more than 50% in the region.
Sales in Germany rose by 24% year-on-year to EUR 1.3 billion, accounting for 19% of group sales. Performance Polymers and Performance Chemicals recorded double-digit sales growth.
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