LANXESS AG — Earnings Release 2009

Mar 1, 2010

News Details

Ad-hoc | 1 March 2010 12:11

LANXESS AG: LANXESS adjusts 2009 earnings forecast

LANXESS AG / Change in Forecast

01.03.2010 12:11

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LANXESS adjusts 2009 earnings forecast

Leverkusen - The specialty chemicals company LANXESS AG adjusted its
earnings forecast for the business year 2009 after having a significantly
better-than-expected fourth quarter, according to preliminary unaudited
results.

LANXESS now expects to achieve EBITDA pre exceptionals of
EUR 450-470 million for the full year 2009 after previously forecasting EUR
400-420 million at the publication of the third quarter results in November
2009. LANXESS posted EBITDA pre exceptionals of
EUR 721 million in 2008.

The company's synthetic rubber activities profited in the final weeks of
the previous business year from the unexpected strong development in Asia
as well as the strong demand for winter tires in Europe and North America.
Notably, demand in the month of December was stronger than the usual
seasonal trend.

Despite this very satisfying performance, the effects of the economic
crisis are still noticeable in particular in Europe and North America.
Therefore, the implemented cost-saving measures of LANXESS' 'Challenge'
program have to be continued.

LANXESS will publish its final full-year earnings for 2009 at its annual
press conference in Cologne on March 17, 2010.

Leverkusen, March 1, 2010

Forward-Looking Statements
This news release may contain forward-looking statements based on current
assumptions and forecasts made by LANXESS AG management. Various known and
unknown risks, uncertainties and other factors could lead to material
differences between the actual future results, financial situation,
development or performance of the company and the estimates given here. The
company assumes no liability whatsoever to update these forward-looking
statements or to conform them to future events or developments.

01.03.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: LANXESS AG
Gebäude K10
51369 Leverkusen
Deutschland
Phone: +49 (0)214 30 33333
Fax: +49 (0)214 30 40 944
E-mail: ir@lanxess.com
Internet: www.lanxess.com
ISIN: DE0005470405
WKN: 547040
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hannover, Düsseldorf, Hamburg, Stuttgart;
Terminbörse EUREX

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