EBITDA pre exceptionals for the fourth quarter 2020 is estimated to amount to
'Q4 2020 is expected to be the strongest final quarter we have seen in 8 years. The fact that we achieved this even during the global Corona pandemic shows: Thanks to our stable set-up, we are resilient even and especially in times of crisis,' said
The fourth quarter result was positively influenced by a stronger than expected increase in demand especially from the automotive industry particularly in the month of December. LANXESS supplies this industry mainly through its Engineering Materials segment. The Advanced Intermediates and Specialty Additives segments also recorded a business development above expectations. The Consumer Protection segment performed well, as expected. These positive developments also more than offset the effects of an unplanned production shutdown in
In the prior-year quarter, LANXESS EBITDA pre exceptionals reached
LANXESS will release its final results for the fourth quarter 2020 and the fiscal year 2020 on
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