Lanxess Q1 Report 2024

Volume increase in Advanced Intermediates

• Lower sales prices driven by pass through of input costs
• While volumes picked up sequentially, yoy comparison reflects still stronger Q1 of previous year
• EBITDA pre and margin declined on basis of lower prices and volumes; ramp up of structural savings does not yet outweigh reduction of temporary savings

Agro-destocking is sequentially offset by pick-up in other markets

• YoY volume decline in all BUs, mainly in BU SGO due to intensified agro destocking and F&F still limited by steam supply outage
• Massive agro-destocking is sequentially offset by pick-up in other markets
• EBITDA pre and margin decline based on lower volumes, especially for agro end market 

Sequentially improving despite construction weakness

• Lower prices in all BUs, mainly due to pass through and market weakness
• Slightly lower volumes reflect continued weakness in construction
• Sequentially all BUs with increasing sales
• EBITDA pre and margin compared against still relatively strong previous year especially for flame retardants

Volumes increase also year-over-year

• Sales decline due to price pass-through clauses as input costs normalize
• Volumes have turned positive, additionally supported by customers‘ re-stocking for BU Inorganic Pigments
• EBITDA pre and margin remain unsatisfactory but start to improve