Lanxess Urethane Results for Q3
Lanxess Engineering Materials Results in 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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