Reconciliation

Reconciliation
 
  Q3 2013 Q3 2014 Change 9M 2013 9M 2014 Change
  € million € million % € million € million %
 
Sales 9 10 11.1 26 32 23.1
EBITDA pre exceptionals (40) (33) 17.5 (137) (127) 7.3
EBITDA (53) (51) 3.8 (157) (163) (3.8)
Operating result (EBIT) pre exceptionals (50) (38) 24.0 (155) (140) 9.7
Operating result (EBIT) (63) (56) 11.1 (175) (176) (0.6)
Cash outflows for capital expenditures 8 6 (25.0) 22 13 (40.9)
Depreciation and amortization 10 5 (50.0) 18 13 (27.8)
Employees as of Sep. 30
(previous year: as of Dec. 31)
3,273 3,040 (7.1) 3,273 3,040 (7.1)
  

Third-quarter EBITDA pre exceptionals for the reconciliation came to minus €33 million, compared with minus €40 million in the prior-year quarter. The development of functional costs already reflected cost savings from the “Advance” and “Let’s LANXESS again” programs. The €18 million in exceptional charges reported in the reconciliation for the third quarter impacted EBITDA in full and related primarily to the “Let’s LANXESS again” program and to expenses for the design and implementation of IT projects.