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LANXESS Stock

LANXESS stock started the new year at €67 and remained above €60 for the first few weeks. From mid-March, a price correction set in and our stock posted losses through the end of the period, closing at €55.32 on the last trading day of the first quarter.

Germany’s lead index DAX moved up toward 8,000 points in the first quarter of 2013, surpassing this mark in early March and reaching a new five-year high. The DAX reached its 8,074-point high for the period in mid-March. After that it lost ground again, closing on March 28 at 7,795 points for a gain of 2.4% on the quarter. LANXESS’s benchmark index, the Dow Jones STOXX 600 ChemicalsSM, likewise performed positively in the first quarter, climbing above 700 points in March. It ended the quarter at 683 points, having gained nearly 3.0% on the period.

Germany’s stock markets benefited from robust economic data at home and positive signals from the U.S., where the labor market started to recover and the deadline for resolving the budget dispute was extended. The uncertain outcome of the Italian elections and the Cyprus crisis prompted intermittent price slumps and renewed tension in the markets. The ambiguous result of the bailout for Cyprus, in particular, put the indices under pressure after mid-March.

At the beginning of the quarter, the development of LANXESS stock was influenced by the general sentiment on the equity markets. Then, in March, our share price was impacted by events in the eurozone and above all by our own corporate newsflow. In early March, as we were preparing our annual financial statements for 2012, we reported that our Q4 2012 earnings (EBITDA pre exceptionals) had posted a significantly larger increase than expected compared to the prior-year period. At the same time, however, we indicated that the soft demand would continue in fiscal 2013. On March 21, we released strong results for 2012, but also advised that we were expecting significantly lower EBITDA pre exceptionals for the first quarter of 2013 than in the same period of the prior year. In view of the modest business development at the start of the year and the earnings forecast issued to reflect this, our share price dropped below €60 and reached its low for the period of €54.19 (intraday low) a few days later. LANXESS stock recorded a weaker performance than the DAX or the DJ STOXX 600 ChemicalsSM over the first quarter as a whole. At quarter end, our stock was down 16.5%, closing the period on March 28 at €55.32.

A summary of other developments at LANXESS during the first quarter is provided in the “Highlights” section.

LANXESS Stock
       
    Q4 2012 Q1 2013
       
Capital stock/no. of shares 1) €/no. of shares 83,202,670 83,202,670
Market capitalization 1) € billion 5.51 4.60
High/low for the period 68.83/59.33 68.59/54.19
Closing price 1) 66.27 55.32
Trading volume million shares 33.257 50.561
Earnings per share 0.62 0.30
1) End of quarter: Q4: December 31, 2012, Q1: March 31, 2013
Stock Performance vs. Indices
Graphic: Performance of the Lanxess Stock vs. Indicies
Analyst recommendations as of January 31, 2013
Grafik: Analyst Recommendation as 31. January
Analyst recommendations as of April 30, 2013
Graphic: Recommendations as of April 30, 2013

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