Annual Report

The report says LANXESS improved 2024 EBITDA pre exceptionals to €614 million from €512 million, supported by savings under its FORWARD! action plan, despite weak demand and lower sales. It reports that the sale of Urethane Systems was agreed, completing the planned portfolio shift toward specialty chemicals once the transaction closes. The company reports SBTi-validated climate targets of climate neutrality for Scope 1 and 2 by 2040 and Scope 3 by 2050. Scope 3 emissions were reported at 10,372 thousand metric tons CO2e in 2024, a 29.7% reduction from the 2021 base year.