Interim Management Report as of March 31, 2014

  • Group sales down by 2.5% against prior-year quarter
  • Earnings held back by lower selling prices
  • Volumes ahead of the prior-year period in all segments
  • Persistently challenging market environment for synthetic rubber; continued favorable trend in the agrochemicals business; positive impetus from the construction industry
  • EBITDA pre exceptionals up by 17.8% to €205 million
  • EBITDA margin pre exceptionals 10.0% vs. 8.3% for year-earlier quarter
  • Net income and earnings per share level with previous year at €25 million and €0.30, respectively
  • Guidance for 2014: year-on-year earnings improvement; EBITDA pre exceptionals €220 million to €240 million in the second quarter, €770 million to €830 million for the full year