Sales of the LANXESS Group in the third quarter of 2014 amounted to €2,040 million, which was on the level of the prior-year period. The expansion of volumes raised sales by 0.7%. The impact of lower selling prices, which caused sales to decrease slightly by 0.8%, was compounded by mildly unfavorable currency development and slightly negative portfolio effects. Adjusted for currency and portfolio effects, operational sales were level with the prior-year quarter.

Effects on Sales
% Q3 2014 9M 2014
Price (0.8) (4.2)
Volume 0.7 3.1
Currency (0.2) (1.7)
Portfolio (0.2) (0.1)
  (0.5) (2.9)

Our Performance Polymers segment recorded a 4.3% decline in sales against the third quarter of the previous year. The development of selling prices was attributable especially to the persistently challenging competitive situation and to lower purchase prices for raw materials. Volumes were also down year on year. Negative currency effects and an unfavorable portfolio effect resulting from the divestiture of the interest in Perlon-Monofil GmbH, Dormagen, Germany, had a minor impact.

Our Advanced Intermediates segment raised sales by 5.2% in the third quarter. This increase resulted from the expansion of volumes, while selling prices fell slightly compared with the prior-year period. Shifts in exchange rates had no material impact on sales development.

Sales by Segment
€ million Q3 2013 Q3 2014 Change % Proportion of Group sales
9M 2013 9M 2014 Change % Proportion of Group sales
Performance Polymers 1,092 1,045 (4.3) 51.2 3,404 3,144 (7.6) 51.5
Advanced Intermediates 403 424 5.2 20.8 1,229 1,246 1.4 20.4
Performance Chemicals 546 561 2.7 27.5 1,627 1,680 3.3 27.6
Reconciliation 9 10 11.1 0.5 26 32 23.1 0.5
  2,050 2,040 (0.5) 100.0 6,286 6,102 (2.9) 100.0

Sales in our Performance Chemicals segment advanced by 2.7% against the prior-year period. This development was characterized by higher sales volumes and a slight year-on-year increase in selling prices. Minor portfolio effects from the acquisition of the phosphorus chemicals business of Thermphos France S.A.R.L., Epierre, France, more than offset negative currency effects. 

LANXESS raised sales in Asia-Pacific and North America, but registered declines in the other regions. The largest decline was recorded in Latin America, while Germany and EMEA (excluding Germany) remained relatively robust, with declines of 0.8% and 3.7%, respectively. Business performance across the regions was largely related to the development of the Performance Polymers segment.