LANXESS significantly increases earnings in fiscal year 2024

• EBITDA pre exceptionals increases by 19.9 percent to EUR 614 million
• Sales of EUR 6.366 billion down 5 percent year-on-year

Mumbai, (Maharashtra) April 8, 2025: In fiscal year 2024, LANXESS significantly increased its earnings despite the difficult global economic situation: EBITDA pre exceptionals climbed by 19.9 percent to EUR 614 million, up from EUR 512 million in the previous year. The company thus confirms the preliminary figures published on January 20, 2025. In particular, higher capacity utilization and significantly lower costs as a result of the “FORWARD!” action plan contributed to the increase in earnings.

Although nearly all business units were able to increase their sales volumes, Group sales decreased by 5.2 percent from EUR 6.714 billion in the previous year to EUR 6.366 billion. This was mainly due to lower sales prices resulting from reduced raw material and energy costs. The EBITDA margin pre exceptionals rose to 9.6 percent from 7.6 percent in the previous year.

“We have defied the economic and geopolitical headwinds and significantly increased our earnings from our own resources. This shows that our structural measures are working. They will continue to pay off in the current year. We therefore remain confident of achieving further growth by 2025, even if a broad-based recovery in global demand is not in sight,” says Matthias Zachert, Chairman of the Board of Management of LANXESS AG.

For the current fiscal year 2025, LANXESS expects the economic and geopolitical environment to remain challenging. Nevertheless, the Group expects a portfolio-adjusted increase in EBITDA pre exceptionals of around 10 percent for the full year, also due to the ongoing effects of the “FORWARD!” action plan. This corresponds to a reported EBITDA pre exceptionals of between EUR 600 and 650 million, as the earnings contribution from the Urethane Systems business will only be included for the first quarter of 2025. LANXESS expects the business to be divested in April 2025. In 2024, the Urethane Systems business unit generated EBITDA pre exceptionals of around EUR 50 million.For the first quarter of 2025, the Group expects EBITDA pre exceptionals to be 25 to 35 percent higher than in the prior-year quarter.