LANXESS Achieves Earnings At Par Forecast In First Quarter Of 2023

EBITDA pre exceptional came to EUR 189 million, within the range of EUR 180 million to EUR 220 million forecast in March. Compared with the previous year’s figure of 262 million euros,  earnings thus declined by 27.9 percent. Sales remained almost stable. They amounted to EUR 1.899 billion, down only 1.7 percent from the previous year’s figure of EUR 1.931 million.

All the segment’s business units also achieved higher selling prices

LANXESS again successfully passed on the increased raw material and energy costs and benefited from positive currency effects in all segments.

Free cash flow improved significantly by EUR 264 million year-on-year and amounted to EUR 112 million. This was supported by stable working capital despite a seasonal increase pattern. Net income from continuing operations reached EUR 10 million in the first quarter after EUR 66 million in the previous year. The EBITDA margin pre exceptional came to 10.0 percent, against 13.6 percent a year ago.

Sales almost stable at EUR 1.899 billion (-1.7 percent)

EBITDA pre exceptional down 27.9 percent year-on-year at EUR 189 million