Lanxess sees record growth in 2012

Group sales total €9.094m

Lanxess, the German specialty chemicals company, has reported record growth figures for the 2012 fiscal year, with Group sales growing by 4% to €9.094m.

As a result of the strong figures, there was a record €115m payout to employees and Q1 EBITDA results are expected to be between €160m and €180m. Lanxess will propose a dividend of €1 per share be paid for 2012 – an increase of about 18% compared with the prior year, resulting in a payout of roughly €83m.

Business development was driven by the focus on emerging markets as well as the demand for agrochemicals, contributions from acquisitions and price-before-volume strategy. Lanxess’ chairman of the board of management, Axel C Heitmann, said: “2012 was the best year in our growth story so far. Our business model proved itself once again.”