Lanxess Q3 Report 2023

Sales of the LANXESS Group amounted to €1,601 million, down by €584 million or 26.7% from the previous year’s figure. This sales development was particularly influenced by inventory reduction among our customers; Sales were also negatively affected by lower selling prices. Overall, lower volumes resulted in a sales decline of 14.0% and lower selling prices reduced sales by 9.3%. In addition, shifts in exchange rates had a negative effect and reduced sales by 3.4% in total.

The operating result before depreciation, amortization, write- downs and reversals (EBITDA) pre exceptionals amounted to €119 million in the third quarter of 2023, lower than the prior- year quarter. In the previous year, EBITDA pre exceptionals amounted to €240 million. The weaker demand and the associated reduction in sales volumes and higher idle costs led to an earnings decline, especially in the Specialty Additives and Advanced Intermediates segments.