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.

For the current fiscal year 2025, LANXESS expects the economic and geopolitical environment to remain challenging.

Despite global demand not yet fully recovering, there is confidence in achieving further growth by 2025, with an expected increase of approximately 10% in adjusted EBITDA for the full-year portfolio, ranging between 600 million and 650 million euros.

This is also due to the ongoing impact of the 'FORWARD!' action plan.

Lanxess launched the 'FORWARD!' action plan in summer 2023 to counteract the effects of economic downturns. Through structural measures, Lanxess aims to permanently reduce annual costs by approximately 150 million euros by 2025.

A saving of 110 million euros has already been achieved by 2024, exceeding the original plan by 20 million euros.