LANXESS newly acquired polyurethane business performed strongly

In the third quarter of 2017, sales of our engineering materials segment increased 36.6% YoY to EUR351 million, and the increase in sales was partly attributed to the newly acquired polyurethane business with a single contribution of 23.0% .At the same time, the business of high performance materials Growth contributed 8.9%. In addition, sales for the business unit increased by 6.6%. Changes in the exchange rate decreased by 1.9% .Sales in all but the Americas except Latin America improve.

Profitability before interest, taxes, depreciation and amortization in the Engineering Materials division increased by 22 million euros, or 52.4%, to 64 million euros. Polyurethanes contributed to profitability In the Performance Materials segment, the purchase price of raw materials for customers was adjusted In addition, the combination of sales of products and increased sales boosted returns, but changes in exchange rates were detrimental to earnings growth, with EBITDA of 18.2%, up from 16.3% in the same period last year.

2016 GoodChinaBrand | ICP: 12011751 | China Exports