Lanxess presents strong results for 2012
21/03/2013
“2012 was the best year in our growth story so far. Our business model proved itself once again,” said Lanxess chairman Axel Heitmann.
Group sales grew by 4% to EUR 9.1 billion. The increase was driven by the focus on emerging markets, solid demand for agrochemicals and contributions from acquisitions.
Earnings before tax improved by 7% to EUR 1,225 million, while net income grew 2% to EUR 514 million.
The company is expecting to pay out EUR 83 million to shareholders, and employees will also benefit, receiving EUR 115 million in profit-sharing payouts for the year. This compares to EUR 100 million for 2011.
The Asia-Pacific region proved to be a stabilising factor in 2012. Sales grew by 10% to EUR 2.2 billion. In Greater China, the EUR 1 billion sales threshold was exceeded for the first time. Business in North America also gained, with sales advancing by more than 10% to roughly EUR 1.6 billion. The EMEA region (Europe, the Middle East and Africa but excluding Germany) – with sales of EUR 2.5 billion –accounted for the largest share of sales, although business in this region showed a decline of just under 1%. In Germany, sales rose slightly to EUR 1.6 billion. In the BRICS countries (Brazil, Russia, India, China, South Africa), sales rose 1% to nearly EUR 2.2 billion.
Mr Heitmann added: “Conditions may be more turbulent at the moment, but we remain optimistic thanks to our strategic set-up with a focus on the emerging markets and megatrends.”
The company’s new headquarters will be inaugurated on September 3, with 1,000 employees moving to Cologne. The group employs about 17,200 in 31 countries.
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