Lanxess Urethane Results for Q3

Sales in our Engineering Materials segment increased by 36.6% year on year in the third quarter of 2017, to €351 million.

The increase in sales was partly the result of the contribution from

the newly acquired urethanes business, which added 23.0% to

sales. There was also a positive price effect of 8.9% on sales for

the High Performance Materials business unit. In addition,

higher sales volumes in this business unit increased sales by 6.6%.

Exchange rates had a negative impact on earnings of 1.9%. With

the exception of Latin America, the segment reported higher sales

across all regions.

EBITDA pre exceptionals in the Engineering Materials segment

rose by a significant €22 million, or 52.4%, to €64 million. Earnings

were buoyed by the contribution from the urethanes business. In

the High Performance Materials business unit, higher procurement

prices for raw materials were passed on to customers by adjusting

selling prices. In addition, an optimized portfolio of products sold

and increased sales volumes lifted earnings. However, the change

in exchange rates had a negative impact on earnings. The EBITDA

margin pre exceptionals of 18.2% was above the figure of 16.3%

posted in the prior-year quarter.

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