Welcome to LANXESS Interim Report 2012!

Skip to:zur Hauptnavigation,zum Inhaltsbereich,zur Suche

Advanced Intermediates

expand table

reduce table

Advanced Intermediates
                     
  Q2 2011 Q2 2012 Change HJ 2011 HJ 2012 Change
                     
  € million Margin % € million Margin % % € million Margin % € million Margin % %
                     
Sales 395   399   1.0 811   828   2.1
EBITDA pre exceptionals 65 16.5 79 19.8 21.5 140 17.3 149 18.0 6.4
EBITDA 65 16.5 79 19.8 21.5 140 17.3 149 18.0 6.4
Operating result (EBIT) pre exceptionals 47 11.9 62 15.5 31.9 106 13.1 116 14.0 9.4
Operating result (EBIT) 47 11.9 62 15.5 31.9 106 13.1 116 14.0 9.4
Cash outflows for capital expenditures1) 20   17   (15.0) 33   32   (3.0)
Depreciation and amortization 18   17   (5.6) 34   33   (2.9)
Employees as of June 30 (previous year: as of Dec. 31) 2,883   2,871   (0.4) 2,883   2,871   (0.4)
1) Intangible assets and property, plant and equipment

Our Advanced Intermediates segment lifted sales by 1.0% to €399 million in the second quarter of 2012. Selling price increases undertaken to compensate for higher raw material prices generated a 2.5% price effect. Volumes decreased by 4.5% against the strong prior-year quarter, while shifts in exchange rates gave a positive effect of 3.0%.

The demand for agrochemicals remained strong in the second quarter of 2012, benefiting both of the segment’s business units. Volumes declined in the segment as a whole, falling somewhat short of the previous year’s level in the Saltigo business unit and dropping below the strong second quarter of the previous year in the Advanced Industrial Intermediates business unit. This was partly due to scheduled shutdowns for investment in capacity expansions. The effect of higher demand for agrochemical intermediates from the integrated aromatics production network was more than offset by a drop in volumes for products used in the construction and coatings industries. Higher prices for raw materials, including cyclohexane and toluene, were passed along to the market in the form of selling price adjustments. North America was the growth engine in this segment, posting the largest increase in business in absolute terms.

EBITDA pre exceptionals for the Advanced Intermediates segment came in at €79 million, clearly exceeding the prior year’s €65 million. Higher prices for raw materials were passed along to the market in full, as was the increase in energy costs. The segment’s capacity utilization was at the level of the prior-year quarter, and there was a positive currency effect. The EBITDA margin rose from 16.5% to 19.8%.

The Advanced Intermediates segment generated half-year sales of €828 million for a year-on-year increase of 2.1%. This was largely due to a 2.8% increase in selling prices made to offset the higher cost of raw materials. Volumes were down by 2.8%. Favorable exchange rate effects of 2.1% contributed to the sales increase.

The segment achieved EBITDA pre exceptionals of €149 million in the first half of 2012, compared with €140 million in the same period a year ago. The EBITDA margin came in at 18.0%, against 17.3% in the first half of 2011.

Service