FRANKFURT (Dow Jones) – Chemicals group Lanxess is likely for the fourth quarter of 2009, better earnings figures as presented in the previous year. The reason is the high demand for winter tires in Europe and North America, the rubber trade in the final quarter has inspired. In addition, Lanxess has in the last weeks of the past year by an unexpectedly strong performance in the Asian Countries benefit.
Because of the positive performance of the final quarter, the MDAX-listed company Headquartered in Leverkusen in early March has already presented its operational Earnings forecast for 2009 raised. For the full year is now a EBITDA before special items from 450 million to 470 million EUR expected, it was said. Previously, a margin was 400 million to 420 million CDN has been promised, to EUR 721 million a year earlier.
Analysts expect the business performance of LBBW Polymer in the final quarter thanks to improved demand and Cost a significant increase compared to earnings of Stock write-downs impacted fourth quarter 2008. The sales are expected to slightly have been lower, they forecast.
In the Advanced Intermediates segment they expect for adjusted EBITDA to decline in comparison to the strong year-ago quarter. For the Performance Chemicals division, they say Adjusted EBITDA for a significant increase in advance.
For 2010, Lanxess has already confident expressed. "The year 2010 will be significantly better than 2009" was chairman Axel Heitmann at the beginning of February five-year anniversary of stock exchange said. The positive perception The manager had established primarily with the expectation that the Buoyant demand from China continues.
At the same time Heitmann had also against excessive Estimates warned. The impact of the crisis were mainly in Europe and North America remains palpable. The initiated Crisis operations under the "Challenge" program would be the Companies therefore continue unchanged, the manager had announced. For the years 2009 to 2012, the Group has a savings program initiated, with the costs by EUR 360 million should be reduced.
The following are the estimates of Dow Jones Newswires Analysts surveyed for the fourth quarter and full year 2009, the Lanxess AG (in EUR million, earnings per share and dividend in euros, according to IFRS). The Numbers will be announced on Wednesday.
EBITDA EBITDA nSt Erg Erg /
4. Quarterly sales (1) (2) u.Dritten shares
AVERAGE 1,423 124 113 4.4 0.08
Last year 1,462 87 30 -41 -0.49
+ / – In% -2.7 42 276 – —
MEDIAN 1,423 122 123 9.0 0.11
Maximum 1,550 149 130 28 0.34
Minimum 1,203 74 85 -23 -0.28
Number 11 12 5 9 11
Div. / Akt.
+ / – In% -16
EBITDA EBITDA nSt Erg Erg /
Full Year Revenue (1) (2) u.Dritten shares
AVERAGE (3) 5,088 445 413 30 0.39
Last year 6,576 721 601 171 2.05
+ / – In% -23 -38 -31 -82 -81
MEDIAN (3) 5,088 443 423 35 0.42
Source previous year figures to the company - as reported. (1) Before special items. (2) After special items. (3) Own calculation by Dow Jones Newswires on the basis of consensus for the fourth quarter and the already reported Nine-month figures. Website: www.lanxess.de -By Heide Oberhauser-Aslan, Dow Jones Newswires; +49 (0) 69 29 725 113, heide.oberhauser @ dowjones.com DJG / hoa / brb Dow Jones Newswires
March 15, 2010 10:00 ET (14:00 GMT)