Interim Management Report

  • Sales stable against prior-year quarter (minus 0.5%)
  • Lower selling prices diminished results
  • Persistently difficult competitive situation for synthetic rubbers; good demand for agrochemicals
  • EBITDA pre exceptionals up by 12.3% to €210 million
  • EBITDA margin pre exceptionals 10.3% vs. 9.1% for the prior-year quarter
  • Net income and earnings per share improve to €35 million and €0.38, respectively, against €11 million and €0.13 in prior-year quarter
  • Guidance for 2014 confirmed: EBITDA pre exceptionals between €780 million and €820 million
  • Progress with Group-wide realignment