Lanxess net income trebles in 2015

Friday 20th May 2016 | 0 Comments

 

At this year’s Annual Stockholders’ Meeting, specialty chemicals company, the Board of Management at Lanxess AG proposed a dividend of €0.60 for the 2015 fiscal year. This is approximately 20 per cent higher than the dividend paid a year earlier and equals a total dividend payout of some €55 million.

In regards to dividends, Board of Management chairman Matthias Zachert stated: “In the future – and this is a deliberately stated claim – we are seeking to increase the dividend or at least maintain it at a stable level.”

In fiscal 2015, Lanxess increased EBITDA pre-exceptionals by around ten percent to €885 million, while sales remained virtually unchanged at €7.9 billion. Net income amounted to €165 million – and thus more than trebled year-on-year. Net financial liabilities decreased to around €1.2 billion at the end of 2015. After receipt of the proceeds of €1.2 billion from the joint venture transaction with Saudi Aramco on 1 April 2016, Lanxess had virtually eliminated its net financial liabilities.

“Today, Lanxess has much stronger earning power and a more solid financial position than it had in the past few years,” noted Zachert.

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