Annual Report KEY DATA 2017

Total Page:16

File Type:pdf, Size:1020Kb

Annual Report KEY DATA 2017 Annual Report KEY DATA 2017 LANXESS Group € million Q4 2016 Q4 2017 Change in % 2016 2017 Change in % Sales 1,915 2,337 22.0 7,699 9,664 25.5 Gross profit 370 482 30.3 1,754 2,145 22.3 Gross profit margin 19.3% 20.6% 22.8% 22.2% EBITDA pre exceptionals1) 183 248 35.5 995 1,290 29.6 EBITDA margin pre exceptionals1) 9.6% 10.6% 12.9% 13.3% EBITDA1) 162 214 32.1 945 1,072 13.4 Operating result (EBIT) pre exceptionals1) 56 84 50.0 514 695 35.2 EBIT1) 35 49 40.0 464 434 (6.5) EBIT margin1) 1.8% 2.1% 6.0% 4.5% Net income (loss) 2 (49) < (10 0) 192 87 (54.7) Earnings per share (€) 0.02 (0.54) < (10 0) 2.10 0.95 (54.7) Earnings per share adjusted for exceptional items and amortization of intangible assets (€)2) 0.24 0.44 83.3 2.69 4.14 53.9 Dividend per share (€) 0.70 0.80 7) 14.3 ROCE3) 6.9% 9.3% Cash flow from operating activities 157 333 > 100 689 868 26.0 Depreciation and amortization 127 165 29.9 481 638 8) 32.6 Cash outflows for capital expenditures 211 260 23.2 439 547 24.6 Total assets 9,877 10,396 5.3 Equity (including non-controlling interests) 3,728 3,413 (8.4) Equity ratio4) 37.7% 32.8% Provisions for pensions 1,249 1,490 19.3 Net financial liabilities5) 2,394 2,252 (5.9) Net financial liabilities after deduction of time deposits and securities available for sale6) 269 2,252 > 100 Employees 16,721 19,029 13.8 Personnel expenses (€ million) 1,467 1,663 13.4 Work-related injuries resulting in at least 1 day’s absence (per million hours worked) 2.0 1.7 (15.0) Hire rate of apprentices in Germany 81.0% 80.0% Turnover resulting (from voluntary resignations) 2.45% 2.34% Specific energy consumption 2.2 (gigajoules per metric ton of product) 7.14 7.30 Specific Scope 1 CO2e emissions (CO2 equivalents, metric tons per metric ton of product) 0.26 0.28 7.7 Specific Scope 2 CO2e emissions 9) (CO2 equivalents, metric tons per metric ton of product) 0.45 0.46 2.2 Emissions of volatile organic compounds (in thousand metric tons) 4.7 4.9 4.3 1) EBIT: earnings before interest and taxes. 3) ROCE: EBIT pre exceptionals in relation to capital employed (total assets less EBIT pre exceptionals: EBIT disregarding exceptional charges and income. deferred tax assets and interest-free liabilities). See “Value Management and EBIT margin: EBIT in relation to sales. Control System” for details of capital employed. EBITDA: EBIT before depreciation of property, plant and equipment and 4) Equity ratio: equity in relation to total assets. amortization of intangible assets, less reversals of impairment charges on property, 5) Sum of current and non-current financial liabilities (adjusted for liabilities for accrued plant, equipment and intangible assets. interest) less cash, cash equivalents and near-cash assets. See “Value Management EBITDA pre exceptionals: EBITDA disregarding exceptional charges and income. and Control System” for details. EBITDA margin pre exceptionals: EBITDA pre exceptionals in relation to sales. 6) See “Value Management and Control System” for details of the financial assets See “Value Management and Control System” for details. deducted. 2) Earnings per share pre exceptional items and amortization of intangible assets: 7) Dividend proposal to the Annual Stockholders’ Meeting on May 15, 2018. earnings per share disregarding exceptional charges and income, amortization 8) Net of reversals of write-downs of €1 million. of intangible assets and attributable tax effects as well as non-recurring earnings 9) Figure restated. effects of the U.S. tax reform. See “Business Performance of the LANXESS Group” for details. CONTENTS 02 To Our Stockholders 03 Letter from the CEO 05 Strategy 11 Corporate Responsibility 12 CR Management 23 Employees 34 Value Creation Chain 46 Corporate Citizenship 48 LANXESS on the Capital Market 51 Corporate Governance 52 Corporate Governance Report 59 Report of the Supervisory Board 63 Financial Information 64 Combined Management Report 117 Consolidated Financial Statements 181 Responsibility Statement 182 Auditor’s Report 187 Further Information 188 About This Report 190 Non-financial Group Report: Independent Assurance Report 192 GRI Content Index 199 Glossary 203 Financial Calendar/Contacts ✓ Audited disclosures of the LANXESS Group that are included in the 2017 separate non-financial consolidated report. LANXESS AT A GLANCE Group Structure Advanced Specialty Performance Engineering ARLANXEO Intermediates Additives Chemicals Materials Segments Advanced Industrial Additives Inorganic Pigments High Performance Tire & Specialty Intermediates Materials Rubbers Rhein Chemie Leather Saltigo Urethane Systems High Performance Material Protection Elastomers Products Business units Liquid Purification Technologies › Agrochemicals › Plastics and › Disinfection › Automotive › Automotive rubber additives › Protection and › Construction › Construction › Phosphorus- preservation › Medical › Aroma and flavors based and of wood, technology › Pharmaceuticals brominated flame construction › Electrical/ › Tire chemicals retardants materials, coatings electronics › Semiconductors › Plastics additives and foodstuffs › Mining and photovoltaics such as flame › Color pigments › Tires and wheel Applications retardants and › Materials for › Oil and gas plasticizers leather production › Industrial and › Lubricants and water mechanical treatment products Europe no. 1–2 Top 3 position No. 1–4 in niches Leading position Globally no. 1–3 Market positions LANXESS Annual Report 2017 LANXESS GLOBAL at a glance Global PRESENCE presence 42.2% 41.0% 27.9% 15.4% 16.8% 19.2% 17.6% 13.9% 9.3% Germany 28.2% 25.0% Asia-Pacific North America 19.6% 9.3% 7.5% 7.1% EMEA w/o Germany Latin America Employees Sales Payments for investments LANXESS Annual Report 2017 » LANXESS IS GENERATING PROFITABLE GROWTH. OUR JOURNEY IS FAR FROM OVER.« Letter from the CEO 03 LETTER FROM THE CEO 2017 was a year in which LANXESS made great strides. We chemicals business of the Belgian chemicals group Solvay. This re alig ned our company while achieving the best results in its acquisition is another example of our rigorous implementation history. LANXESS is now a repositioned global group – profitable, of our growth strategy, focused on medium-sized markets and stable and fast-growing. the regions of North America and Asia. The acquisition of the U.S. company Chemtura at the end of April Since spring, we have also been supporting our growth with 2017 – the biggest in our history – was a key strategic milestone. the newly created dLX Group function for digitalization. Across It has made us one of the most important players on the global functions, countries and all business units, it works on various additive market, and the acquired Urethanes and Organometallics initiatives to actively shape the digital future of our Group. divisions have given us a foothold in new business areas. As a result, the “New LANXESS” is taking shape more quickly than To us, being future-proof also means operating in a sustainable, expected. responsible way. We have firmly embedded the principle of sus- tainable development in our corporate strategy. In our view, this LANXESS is generating profitable growth. However, our journey philosophy also includes fulfilling our responsibility to humankind is far from over. In the years ahead, we aim to enhance quality and the environment all over the world. We re-emphasized this in within the Group and boost income even further. We have set 2017 with our commitment to the principles of the U.N. Global ambitious new medium-term financial targets. From fiscal year Compact. 2021, our average operating margin – measured by EBITDA pre exceptionals – is expected to be between 14% and 18% over a Our great success in 2017 was the result of hard work and would business cycle. In addition, we intend to carry out further rigorous not have been possible without a strong team. We achieved a differentiation of our product range, increase our regional diver- huge amount last year and can be proud of that. The whole Board sification even more and continue to reduce our dependency of Management would like to thank all employees worldwide for on individual sectors. their dedication and sound collaboration with our customers. We regard organic growth as crucial to achieving our goals. Con- We are making good progress, and our tireless work is bearing sequently, we will invest around €400 million across all segments fruit. My fellow Board of Management members and I would like by 2020, thus further strengthening our international sites as well to thank all our shareholders for their continued confidence in us. as our large domestic sites in Germany. However, we also aim to Let us keep on working hard together to ensure that LANXESS maintain our inorganic growth; in 2017, we significantly enhanced remains successful. our additives segment, and in 2018 we acquired the phosphorous Matthias Zachert Chairman of the Board of Management LANXESS Annual Report 2017 04 LETTER FROM THE CEO THE BOARD OF MANAGEMENT THANKS ALL OF THE GROUP’S EMPLOYEES AND THE EMPLOYEE REPRESENTATIVES FOR THEIR WORK IN FISCAL YEAR 2017. LANXESS Annual Report 2017 STRATEGY LANXESS 2021: leading positions, more stable and with a stronger cash flow 06 STRATEGY The Success Story Continues In an increasingly volatile political and economic environment, we have managed to get LANXESS back onto a sound footing. However, the Group’s development is far from complete. With a clear strategy, we aim to make full use of our potential and continue to post profitable growth for years to come. A CHANGING WORLD, requirements. In many cases, these requirements are driven by A CHANGING INDUSTRY sustainability. More than ever, chemical companies are required to take responsibility for their products and production processes Change is anything but an unknown quantity in the chemical – from the acquisition of raw materials to disposal.
Recommended publications
  • Conference Presentation Q2 / 2017 the Road Ahead – Expanding Our Strenghts
    LANXESS – Conference Presentation Q2 / 2017 The road ahead – expanding our strenghts Investor Relations Safe harbor statement The information included in this presentation is being provided for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to purchase, securities of LANXESS AG. No public market exists for the securities of LANXESS AG in the United States. This presentation contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accept any liability whatsoever arising directly or indirectly
    [Show full text]
  • Gowanus Canal Superfund Site
    UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: Chapter 11 CHEMTURA CORPORATION, et al., Case No. 09-11233 (REG) Debtors. Jointly Administered SETTLEMENT AGREEMENT BETWEEN THE DEBTORS AND THE UNITED STATES RELATING TO THE GOWANUS CANAL SUPERFUND SITE I. RECITALS WHEREAS, Chemtura Corporation (“Chemtura”) and those of its affiliates listed in Exhibit A (collectively, as debtors, debtors-in-possession, or in any new or reorganized form as a result of the above-captioned bankruptcy proceeding, “Debtors”) filed with the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court” or “Court”) voluntary petitions for relief under Title 11 of the United States Code (the “Bankruptcy Code”) on March 18, 2009 (the “Petition Date”), which have been consolidated for procedural purposes and are being administered jointly as Case No. 09-11233 (REG) (the “Bankruptcy Cases”); WHEREAS, the United States, on behalf of the United States Environmental Protection Agency (along with any legal successor thereto, “EPA”), has filed a proof of claim (Claim No. 11672) (the “U.S. Proof of Claim”) against Chemtura, contending, inter alia, that Chemtura is liable under the Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”), 42 U.S.C. § 9601 et seq., for costs incurred and to be incurred by the United States in response to releases and threats of releases of hazardous substances at or in connection with the Gowanus Canal Superfund Site in New York (the “Gowanus Site”); WHEREAS, on January
    [Show full text]
  • In the United States Bankruptcy Court for the District of Delaware
    Case 19-10684 Doc 16 Filed 04/01/19 Page 1 of 1673 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE x In re: : Chapter 11 : HEXION HOLDINGS LLC, et al.,1 : Case No. 19-10684 ( ) : Debtors. : Joint Administration Requested x NOTICE OF FILING OF CREDITOR MATRIX PLEASE TAKE NOTICE that the above-captioned debtors and debtors in possession have today filed the attached Creditor Matrix with the United States Bankruptcy Court for the District of Delaware, 824 North Market Street, Wilmington, Delaware 19801. 1 The Debtors in these cases, along with the last four digits of each Debtor’s federal tax identification number, are Hexion Holdings LLC (6842); Hexion LLC (8090); Hexion Inc. (1250); Lawter International Inc. (0818); Hexion CI Holding Company (China) LLC (7441); Hexion Nimbus Inc. (4409); Hexion Nimbus Asset Holdings LLC (4409); Hexion Deer Park LLC (8302); Hexion VAD LLC (6340); Hexion 2 U.S. Finance Corp. (2643); Hexion HSM Holdings LLC (7131); Hexion Investments Inc. (0359); Hexion International Inc. (3048); North American Sugar Industries Incorporated (9735); Cuban-American Mercantile Corporation (9734); The West India Company (2288); NL Coop Holdings LLC (0696); and Hexion Nova Scotia Finance, ULC (N/A). The address of the Debtors’ corporate headquarters is 180 East Broad Street, Columbus, Ohio 43215. RLF1 20960951V.1 Case 19-10684 Doc 16 Filed 04/01/19 Page 2 of 1673 Dated: April 1, 2019 Wilmington, Delaware /s/ Sarah E. Silveira Mark D. Collins (No. 2981) Michael J. Merchant (No. 3854) Amanda R. Steele (No. 5530) Sarah E. Silveira (No. 6580) RICHARDS, LAYTON & FINGER, P.A.
    [Show full text]
  • PLM Weekly Summary Editor: Cimdata News Team
    PLM Weekly Summary Editor: CIMdata News Team 24 July 2020 Contents CIMdata News _____________________________________________________________________ 2 CIMdata & SMS_ThinkTankAnnounce Dates for SMS Basics Virtual-Live Courses __________________2 CIMdata to Host Free Webinar on Why PLM is so Hard _________________________________________3 Weaving the Digital Thread: The Oracle Enterprise Product Record – A CIMdata Commentary __________4 Acquisitions ______________________________________________________________________ 10 Accenture Completes Acquisition of Sentelis ________________________________________________10 Autodesk to Acquire AI-Powered Construction Software Provider Pype ___________________________10 Dassault Acquires Proxem - Delivers New Collaborative Data Science Experiences on the 3DEXPERIENCE Platform ______________________________________________________________12 Company News ____________________________________________________________________ 13 Atos participates in AI4EU project to promote the use of Artificial Intelligence in Europe _____________13 Black & Veatch Collaborates with Hexagon on Intelligent Tools _________________________________13 Oracle Cloud Simplifies Enterprise Network Complexity _______________________________________14 TCS Named HPE Global System Integrator of the Year ________________________________________15 Utopia Global and Hexagon Partner to Synchronize Data for Plants Using SAP Plant Maintenance ______16 Wipro named Application Innovation 2020 Microsoft Partner of the Year __________________________17
    [Show full text]
  • Federal Railroad Administration Fiscal Year 2017 Enforcement Report
    Federal Railroad Administration Fiscal Year 2017 Enforcement Report Table of Contents I. Introduction II. Summary of Inspections and Audits Performed, and of Enforcement Actions Recommended in FY 2017 A. Railroad Safety and Hazmat Compliance Inspections and Audits 1. All Railroads and Other Entities (e.g., Hazmat Shippers) Except Individuals 2. Railroads Only B. Summary of Railroad Safety Violations Cited by Inspectors, by Regulatory Oversight Discipline or Subdiscipline 1. Accident/Incident Reporting 2. Grade Crossing Signal System Safety 3. Hazardous Materials 4. Industrial Hygiene 5. Motive Power and Equipment 6. Railroad Operating Practices 7. Signal and train Control 8. Track C. FRA and State Inspections of Railroads, Sorted by Railroad Type 1. Class I Railroads 2. Probable Class II Railroads 3. Probable Class III Railroads D. Inspections and Recommended Enforcement Actions, Sorted by Class I Railroad 1. BNSF Railway Company 2. Canadian National Railway/Grand Trunk Corporation 3. Canadian Pacific Railway/Soo Line Railroad Company 4. CSX Transportation, Inc. 5. The Kansas City Southern Railway Company 6. National Railroad Passenger Corporation 7. Norfolk Southern Railway Company 8. Union Pacific Railroad Company III. Summaries of Civil Penalty Initial Assessments, Settlements, and Final Assessments in FY 2017 A. In General B. Summary 1—Brief Summary, with Focus on Initial Assessments Transmitted C. Breakdown of Initial Assessments in Summary 1 1. For Each Class I Railroad Individually in FY 2017 2. For Probable Class II Railroads in the Aggregate in FY 2017 3. For Probable Class III Railroads in the Aggregate in FY 2017 4. For Hazmat Shippers in the Aggregate in FY 2017 5.
    [Show full text]
  • June 30, 2019 Partners Fund Small-Cap Fund International Fund
    Semi- Annual Report June 30, 2019 Partners Fund Small-Cap Fund International Fund Global Fund IMPORTANT NOTE: Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the fund’s shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from the fund or from your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report. If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications electronically from the fund by calling (800) 445-9469, by written request to Longleaf Partners Funds, P.O. Box 9694, Providence, RI 02940-9694, or by contacting your financial intermediary. You may elect to receive all future reports in paper free of charge. You can inform the fund that you wish to continue receiving paper copies of your shareholder reports by calling (800) 445-9469, by written request to Longleaf Partners Funds, P.O. Box 9694, Providence, RI 02940-9694, or by contacting your financial intermediary. Your election to receive reports in paper will apply to all funds held with the fund complex/your financial intermediary. Partners Funds Cautionary Statement One of Southeastern's “Governing Principles” is that “we will communicate with our investment partners as candidly as possible,” because we believe Longleaf shareholders benefit from understanding our investment philosophy and approach.
    [Show full text]
  • IN the LEADLETOADP 50 Acquisitio Ns Can Really Spik E Revenue Growth
    ANNUAL BUSINESS REPORT 2017 EDITION IN TRAN SFORMED FO THER THE FUTURE IN THE LEADLETOADP 50 Acquisitio ns can really spik e revenue growth HE Lead TRANSFORMED FOR THE FUTURE IN T ture BY TERE SA F. LINDE PITTSB MAN URGH POST-G Toby Talb AZETTE He ot/Associated rastruC inz ketchu F Press p. Few Acqu things spike isitions also the revenue were a fact year, even other busi line like acqu compan or for so me of if , as inIth N ness, iring ies rank the ot e case but the new an- ed high on her Firs of Buffalo, N. that Kraft Heinz bers the revenue t Niagara, it Y.-based ba maneuver wi Co. executed , with Nort change num- was only a nk th special gu h Shore memor Se 0.1 percent in By sto last year Matth ial and ca venteen comp crease. merging Pitt . ews Intern sket maker anies saw sburgh’s H. ational’s 28.9 the pr their revenu $10.92 bi J. Heinz Co. second percent incr evious year, es drop from llion in 2014 and its -place rank ease and with Montrea revenues wi ing as well as the bott l-based Bo Foods Gr th Illinois- S&T Ba Indiana, Pa om of the list mbardier at oup in July based Kraft ncorp’s 22.7 .-based with a 9.6 pe 2015, the new percent gain Judged rcent declin jumped to global food tion, both and fourth-p only on tota e. $18.34 billio company made possib lace posi- l revenue fi n in revenues le in part by $18.17 billio gures, Bomb fiscal year — for the most nesses.
    [Show full text]
  • FTSE Developed Europe
    2 FTSE Russell Publications 19 August 2021 FTSE Developed Europe Indicative Index Weight Data as at Closing on 30 June 2021 Index weight Index weight Index weight Constituent Country Constituent Country Constituent Country (%) (%) (%) 1&1 AG 0.01 GERMANY Avast 0.03 UNITED Cnp Assurance 0.02 FRANCE 3i Group 0.14 UNITED KINGDOM Coca-Cola HBC AG 0.06 UNITED KINGDOM Aveva Group 0.05 UNITED KINGDOM A P Moller - Maersk A 0.1 DENMARK KINGDOM Coloplast B 0.19 DENMARK A P Moller - Maersk B 0.15 DENMARK Aviva 0.19 UNITED Colruyt 0.03 BELGIUM A2A 0.03 ITALY KINGDOM Commerzbank 0.07 GERMANY Aalberts NV 0.05 NETHERLANDS AXA 0.43 FRANCE Compagnie Financiere Richemont SA 0.55 SWITZERLAND ABB 0.51 SWITZERLAND B&M European Value Retail 0.06 UNITED Compass Group 0.33 UNITED KINGDOM ABN AMRO Bank NV 0.04 NETHERLANDS KINGDOM BAE Systems 0.21 UNITED Acciona S.A. 0.03 SPAIN Continental 0.14 GERMANY KINGDOM Accor 0.06 FRANCE ConvaTec Group 0.05 UNITED Baloise 0.06 SWITZERLAND Ackermans & Van Haaren 0.03 BELGIUM KINGDOM Banca Mediolanum 0.02 ITALY ACS Actividades Cons y Serv 0.06 SPAIN Covestro AG 0.1 GERMANY Banco Bilbao Vizcaya Argentaria 0.36 SPAIN Adecco Group AG 0.09 SWITZERLAND Covivio 0.04 FRANCE Banco Santander 0.58 SPAIN Adevinta 0.04 NORWAY Credit Agricole 0.14 FRANCE Bank Pekao 0.03 POLAND Adidas 0.63 GERMANY Credit Suisse Group 0.22 SWITZERLAND Bankinter 0.03 SPAIN Admiral Group 0.08 UNITED CRH 0.35 UNITED Banque Cantonale Vaudoise 0.02 SWITZERLAND KINGDOM KINGDOM Barclays 0.35 UNITED Adyen 0.62 NETHERLANDS Croda International 0.12 UNITED KINGDOM KINGDOM Aegon NV 0.06 NETHERLANDS Barratt Developments 0.09 UNITED Cts Eventim 0.03 GERMANY Aena SME SA 0.1 SPAIN KINGDOM Cyfrowy Polsat SA 0.02 POLAND Aeroports de Paris 0.03 FRANCE Barry Callebaut 0.07 SWITZERLAND Daimler AG 0.66 GERMANY Ageas 0.09 BELGIUM BASF 0.64 GERMANY Danone 0.37 FRANCE Ahold Delhaize 0.26 NETHERLANDS Bayer AG 0.53 GERMANY Danske Bank A/S 0.1 DENMARK AIB Group 0.02 IRELAND Bechtle 0.04 GERMANY Dassault Aviation S.A.
    [Show full text]
  • Chemtura Corporation Frequently Asked Question Faqs
    Chemtura Corporation Frequently Asked Question FAQs What is the ticker symbol for Chemtura Corporation? New York Stock Exchange: CEM Who will be the registrar / transfer agent for Chemtura Corporation? Mellon Investor Services Telephone number: (866) 233-4822 Web site address: www.melloninvestor.com When will replacement stock certificates be issued? Mellon Investor Services will send share exchange transmittal instructions to all Great Lakes Chemical Corporation shareholders within two weeks of the closing date. Existing Crompton Corporation shareholders who may wish to exchange Crompton certificates for Chemtura certificates should contact Mellon Investor Services for instructions. Where can investors get up-to-date financial information and relevant historical financial data and public announcements? All current financial information for Chemtura Corporation and all historical financial information for both Crompton Corporation and Great Lakes Chemical Corporation can be found at www.chemtura.com by selecting the “Investor Relations site” option near the bottom of the screen. In the coming months, all such information will be incorporated within a newly designed Web site for Chemtura Corporation. Which Wall Street analysts will be covering Chemtura? See listing under the Analyst Coverage Section of the investor relations section of this Web site. Any views or predictions made in these independently researched reports are those of the authors…and are not expressly endorsed by the company. What are the earnings expectations for Chemtura? The company does not provide explicit earnings guidance. But it does routinely comment on business performance and directional trends during its quarterly earnings conference calls and at various chemical industry conference presentations. Transcripts of such comments are archived in the investor relations section of our Web site.
    [Show full text]
  • Chemicals Update | Summer 2019
    Introduction Dear Clients and Friends, Houlihan Lokey is pleased to present its Chemicals Summer 2019 Industry Update. In this issue, we have included relevant news stories, recent M&A transaction announcements, a public markets overview, and other industry insights to help you stay ahead in this evolving industry. We hope you find this quarterly update to be informative and that it serves as a valuable resource to you in staying abreast of the market. If there is additional content you would find useful for future updates, please don’t hesitate to call or email us with your suggestions. We look forward to staying in touch with you. Regards, Chemicals Group Contacts Financial Advisory Services Mike Giffin Christopher Glad Managing Director Director [email protected] [email protected] 214.220.8485 312.456.4730 Corporate Finance Leland Harrs Martin Bastian Steve Wang Harrison Davis Global Head of Chemicals Head of Chemicals, Europe Senior Vice President Associate [email protected] [email protected] [email protected] [email protected] 212.497.7842 +49 (0) 69 170 099 19 212.497.7807 646.259.7438 2 Houlihan Lokey is the trusted advisor to more top decision- makers than any other independent global investment bank. Corporate Finance Financial Restructuring Financial Advisory 2018 M&A Advisory Rankings 2018 Global Distressed Debt & Bankruptcy 1999 to 2018 Global M&A Fairness All U.S. Transactions Restructuring Rankings Advisory Rankings Adv isor Deals Adv isor Deals Adv isor Deals 1 Houlihan Lokey 207 1 Houlihan Lokey 63 1 Houlihan Lokey 1,073 2 Goldman Sachs & Co 197 2 PJT Partners Inc.
    [Show full text]
  • Top 10 Relative Contributors and Detractors Equity Funds Quarter End As of June 30, 2021
    Top 10 Relative Contributors and Detractors Equity Funds Quarter End as of June 30, 2021 Holdings are subject to change. The information below is derived using the portfolio's holdings as of the beginning of each month included in the quarter ending on the date indicated, does not reflect intramonth trading activities, and may not be representative of the current or future investments of the portfolio. Portfolio and index weights below are average weights in each company over the period as represented by the portfolio's holdings or the index's constituents as of the beginning of each month included in the quarter. The information below should not be relied upon by the reader as research or investment advice regarding any security. This listing of portfolio holdings is for informational purposes only and should not be deemed a recommendation to buy or sell the securities. The holdings information below does not constitute an offer to sell or a solicitation of an offer to buy any security. The holdings information has not been audited. To obtain a list showing every holding as a percentage of the portfolio at the end of the most recent publicly available disclosure period, visit www.dimensional.com. Relative Contribution Difference reflects how the portfolio's holdings impacted return relative to the benchmark. Relative Contribution Difference compares the performance of a security in the portfolio to the benchmark’s total return, factoring in the difference in weight of that security in the benchmark. Returns are calculated using daily security returns and month end weights. In aggregate, portfolio return estimates are gross of advisory fees, may exclude certain derivatives and will differ from actual fund performance.
    [Show full text]
  • Chemtura Corporation Case No. 09-11233 SOFA 3B Payments to Creditors
    In re: Chemtura Corporation Case No. 09-11233 SOFA 3b Payments to creditors Name of creditor Address 1 Address 2 City State Zip Country Payment date Amount paid ABRAMS & LASTER, LLP 20 MONTCHANIN ROAD, SUITE 200 WILMINGTON DE 19807 01/26/09 $21,780.55 ABRAMS & LASTER, LLP 20 MONTCHANIN ROAD, SUITE 200 WILMINGTON DE 19807 01/26/09 $68,144.55 ABSORBTECH LLC PO BOX 88396 MILWAUKEE WI 53288-0396 01/20/09 $2,964.80 ABSORBTECH LLC PO BOX 88396 MILWAUKEE WI 53288-0396 02/20/09 $2,964.80 ABU GHAZALEH INTELLECTUAL PROPERTY QUEEN NOOR STREET, SHMEISANI PO BOX 921100 AMMAN 11192 Jordan 01/07/09 $7,586.86 ACID CHEM (USA) INC. 201 W. PASSAIC STREET SUITE 100 ROCHELLE PARK NJ 07662 03/04/09 $63,952.00 ACID CHEM (USA) INC. 201 W. PASSAIC STREET SUITE 100 ROCHELLE PARK NJ 07662 03/06/09 $64,120.00 ACME HARDESTY PO BOX 201477 DALLAS TX 75320-1477 01/26/09 $9,600.00 ADM ARCHER DANIELS MIDLAND PO BOX 92572 CHICAGO IL 60675-2572 01/07/09 $2,750.00 ADM ARCHER DANIELS MIDLAND PO BOX 92572 CHICAGO IL 60675-2572 03/06/09 $60,482.72 ADPEN LABORATORIES INC. 11757 CENTRAL PARKWAY JACKSONVILLE FL 32224 01/26/09 $22,800.00 AG CONTAINER RECYCLING COUNCIL 223 SOUTH MAIN STREET LEXINGTON VA 24450 03/10/09 $31,344.00 AG PROCESSING, INC. PO BOX 3480 OMAHA NE 68103-0480 12/29/08 $286,795.66 AG PRODUCTION CO. PO BOX K TURLOCK CA 95381 01/15/09 $34,638.62 AG RX PO BOX 2008 OXNARD CA 93034 01/15/09 $34,523.00 AGGREKO LLC PO BOX 972562 DALLAS TX 75397-2562 01/14/09 $3,560.05 AGGREKO LLC PO BOX 972562 DALLAS TX 75397-2562 01/14/09 $3,264.55 AIR LIQUIDE INDUSTRIAL U.S.
    [Show full text]