Interim Management Report

  • Group sales decrease by 5.7% against the prior-year quarter
  • Earnings held back by lower selling prices
  • Persistently difficult competitive situation for synthetic rubbers; good demand for agrochemicals
  • EBITDA pre exceptionals up by 20.7% to €239 million
  • EBITDA margin pre exceptionals 11.8% vs. 9.2% for the prior-year quarter
  • Net income and earnings per share improve substantially to €55 million and €0.63, respectively, against €9 million and €0.11 in prior-year quarter
  • Guidance for 2014 narrowed: EBITDA pre exceptionals between €780 million and €820 million
  • 10% capital increase successfully placed in May
  • Group-wide realignment initiated; details to be provided during the second half of the year