Segment sales decline year-on-year despite higher volumes across most businesses
Cologne, Germany – Lanxess AG has seen its speciality additives segment grow year-on-year, due to the ongoing ‘forward’ rationalisation plan.
The business unit, which includes Rhein Chemie and other additives operations, posted earnings (EBITDA) of €227 million, up 8.6% compared to 2023, Lanxess reported 20 March.
Segment sales decline 5% year-on-year to €2.2 billion despite high volumes across “almost all” business units, said Lanxess.
Revenue decline was due, in particular, to lower selling prices as Lanxessed passed on lower raw material and energy costs.
The German group linked the earnings gains to better capacity utilisation and lower costs as a result of its ‘forward’ plan.
The segment’s earnings margin pre exceptionals reached 10.3%, compared to 9.0 % the previous year.
The speciality additives segment includes Rhein Chemie business unit, which offers rubber chemicals, and processing aids used in manufacturing rubber products such as profiles, seals, drive belts, and tires.
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