Lanxess Q1 Report 2023

Sales of the LANXESS Group amounted to €1,899 million, down by €32 million, or 1.7%, from the previous year’s figure. The sales development was particularly influenced by continued weak demand, especially in the construction industry, and ongoing inventory reduction among our customers. Overall, lower volumes resulted in a sales decline of 13.8%. In contrast, higher selling prices driven by raw material and energy prices resulted in sales growth of 5.7%. The portfolio changes had a positive effect on sales at Group level, primarily due to the contribution from the Microbial Control business acquired at the beginning of July 2022. Overall, there was a positive portfolio effect of 5.2% at Group level. In addition, the exchange rate effects led to a 1.2% increase in sales.