LANXESS AG — Earnings Release 2013

Mar 21, 2013

News Details

Ad-hoc | 21 March 2013 07:00

LANXESS Aktiengesellschaft: LANXESS expects Q1 2013 EBITDA pre exceptionals significantly below previous year

LANXESS Aktiengesellschaft / Key word(s): Forecast

21.03.2013 07:00

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LANXESS expects Q1 2013 EBITDA pre exceptionals significantly below
previous year

Leverkusen - Contrary to the usual seasonal trend, the low level of demand
that was already apparent in the second half of 2012 has continued into the
start of the year in most businesses. Against the backdrop of current weak
demand in the tire and automotive industries in Europe, LANXESS expects a
significantly lower year-on-year EBITDA pre exceptionals of between EUR 160
and 180 million in the first quarter of 2013. This estimate already
reflects start-up costs of EUR 20 million for the new butyl plant in
Singapore. In the previous year's quarter, LANXESS achieved an EBITDA pre
exceptionals of EUR 369 million, which was the company's strongest quarter
ever.

Based on the weak business development in the first quarter, LANXESS
currently expects that the EBITDA pre exceptionals in the business year
2013 will not reach the record level of the previous year. As usual,
LANXESS will give a more precise outlook for the current full year, when it
publishes its first-quarter report on May 8, 2013.

In this persistently volatile environment, LANXESS will continue to focus
on cost discipline and its proven flexible asset management and expects a
pick-up in demand in the second half of the year, so that the full year
2013 can develop into another positive one. The company is sticking to its
mid-term targets of EUR 1.4 billion and EUR 1.8 billion EBITDA pre
exceptionals in 2014 and 2018 respectively.

Leverkusen, March 21, 2013

Forward-Looking Statements.
This 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.

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Language: English
Company: LANXESS Aktiengesellschaft
Gebäude K10
51369 Leverkusen
Germany
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: DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart;
Terminbörse EUREX

End of Announcement DGAP News-Service

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