Lanxess (Leverkusen / Germany; www.lanxess.com) saw EBTIDA pre-exceptionals fall 36% year-on-year to EUR 465m, but CEO Axel Heitmann said the performance was at the upper end of managements revised target. Sales decreased by 23% to EUR 6.6 bn. The decline of historic proportions is blamed partly on shrinking automotive production and reduced construction industry activity.
Turnover in Performance Polymers receded by 27% to EUR 2.4 bn as EBITDA pre-exceptionals plunged by almost 40% to EUR 250m due to price and volume effects. Pressured by sinking feedstock notations, polymer selling prices dropped by nearly 20%. Volume sales declined 11%.