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Segment information (Tables) | 6 Months Ended
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Jun. 30, 2018
Operating Segments [Abstract] |
Disclosure of segment reconciliation | Segment reconciliation for the three months ended June 30, 2018 and 2017:
|  | In USD k |  | In USD k
|  | For the Three Months Ended Jun 30, |  | For the Three Months Ended Jun 30,
|  | 2018 |  | 2017
|  | Rubber |  | Specialties |  | Total segments |  | Rubber |  | Specialties |  | Total segments
Revenue |  | 248,915 |  |  | 142,671 |  |  | 391,586 |  |  | 207,298 |  |  | 122,315 |  |  | 329,613 |
Cost of sales |  | (194,191 | ) |  | (84,622 | ) |  | (278,813 | ) |  | (164,179 | ) |  | (72,555 | ) |  | (236,734 | )
Gross profit |  | 54,724 |  |  | 58,049 |  |  | 112,773 |  |  | 43,119 |  |  | 49,760 |  |  | 92,879 |
Adjusted EBITDA |  | 35,923 |  |  | 45,225 |  |  | 81,148 |  |  | 25,953 |  |  | 38,385 |  |  | 64,338 |
Adjusted EBITDA Margin |  | 14.4 | % |  | 31.7 | % |  | 20.7 | % |  | 12.5 | % |  | 31.3 | % |  | 19.5 | %
Depreciation amortization and impairment of intangible assets and property, plant and equipment |  | (14,470 | ) |  | (9,769 | ) |  | (24,239 | ) |  | (14,769 | ) |  | (9,266 | ) |  | (24,035 | )
Share of profit of joint venture |  | (144 | ) |  | — |  |  | (144 | ) |  | (133 | ) |  | — |  |  | (133 | )
Adjustment items |  |  |  |  |  | 25,692 |  |  |  |  |  |  | (1,950 | )
EBIT |  |  |  |  |  | 82,457 |  |  |  |  |  |  | 38,220 |
Segment reconciliation for the six months ended June 30, 2018 and 2017:
|  | In USD k |  | In USD k
|  | For the Six Months Ended Jun 30, |  | For the Six Months Ended Jun 30,
|  | 2018 |  | 2017
|  | Rubber |  | Specialties |  | Total segments |  | Rubber |  | Specialties |  | Total segments
Revenue |  | 513,943 |  |  | 284,342 |  |  | 798,285 |  |  | 415,255 |  |  | 238,423 |  |  | 653,678 |
Cost of sales |  | (400,798 | ) |  | (172,311 | ) |  | (573,109 | ) |  | (322,827 | ) |  | (142,434 | ) |  | (465,261 | )
Gross profit |  | 113,145 |  |  | 112,031 |  |  | 225,176 |  |  | 92,428 |  |  | 95,989 |  |  | 188,417 |
Adjusted EBITDA |  | 71,579 |  |  | 85,561 |  |  | 157,140 |  |  | 54,345 |  |  | 72,612 |  |  | 126,957 |
Adjusted EBITDA Margin |  | 13.9 | % |  | 30.1 | % |  | 19.7 | % |  | 13.1 | % |  | 30.4 | % |  | 19.4 | %
Depreciation amortization and impairment of intangible assets and property, plant and equipment |  | (29,374 | ) |  | (19,655 | ) |  | (49,029 | ) |  | (28,771 | ) |  | (17,506 | ) |  | (46,277 | )
Share of profit of joint venture |  | (293 | ) |  | — |  |  | (293 | ) |  | (262 | ) |  | — |  |  | (262 | )
Adjustment items |  |  |  |  |  | 19,972 |  |  |  |  |  |  | (5,179 | )
EBIT |  |  |  |  |  | 127,790 |  |  |  |  |  |  | 75,239 |
Adjusted EBITDA is reconciled to profit or loss as follows:
Reconciliation of profit or loss |  | In USD k |  | In USD k
|  | For the Three Months Ended Jun 30, |  | For the Six Months Ended Jun 30,
|  | 2018 |  | 2017 |  | 2018 |  | 2017
Profit for the period |  | 52,691 |  |  | 18,428 |  |  | 76,919 |  |  | 35,243 |
Add back income taxes |  | 20,558 |  |  | 9,023 |  |  | 33,722 |  |  | 18,986 |
Profit before income taxes |  | 73,249 |  |  | 27,451 |  |  | 110,641 |  |  | 54,229 |
Add back finance costs |  | 28,475 |  |  | 17,147 |  |  | 37,420 |  |  | 41,355 |
Add back share of profit of joint ventures |  | (144 | ) |  | (133 | ) |  | (293 | ) |  | (262 | )
Add back other finance income |  | (19,123 | ) |  | (6,245 | ) |  | (19,978 | ) |  | (20,083 | )
Earnings before taxes and finance income/costs (operating result (EBIT)) |  | 82,457 |  |  | 38,220 |  |  | 127,790 |  |  | 75,239 |
Add back depreciation, amortization and impairment of intangible assets and property, plant and equipment |  | 24,239 |  |  | 24,035 |  |  | 49,029 |  |  | 46,277 |
EBITDA |  | 106,696 |  |  | 62,255 |  |  | 176,819 |  |  | 121,516 |
Add back share of profit of joint venture |  | 144 |  |  | 133 |  |  | 293 |  |  | 262 |
Add back restructuring (income)/expenses, net (1) |  | (29,751 | ) |  | 319 |  |  | (28,485 | ) |  | 722 |
Add back consulting fees related to Group strategy (2) |  | 151 |  |  | 810 |  |  | 1,035 |  |  | 1,049 |
Add back long term incentive plan |  | 2,853 |  |  | 1,609 |  |  | 5,953 |  |  | 3,209 |
Add back other adjustments (3) |  | 1,055 |  |  | (788 | ) |  | 1,525 |  |  | 199 |
Adjusted EBITDA |  | 81,148 |  |  | 64,338 |  |  | 157,140 |  |  | 126,957 |
(1) Restructuring income or expenses are related to further actions undertaken to realign our worldwide Rubber footprint and reflects in particular the proceeds of the land sale in South Korea exceeding the associated cessation costs in three and six months ended June 30, 2018. (2) Consulting fees related to external consulting fees from establishing and executing Group strategies. (3) Other adjustments in the three and six months ended June 30, 2018 related in particular to license fees required for certain innovative technologies to meet the EPA requirements of USD 1.1 million. Other adjustments include income in the three months ended June 30, 2017 related to a reimbursement following a successful objection against reassessed real estate transfer taxes in Germany of USD 1.5 million, primarily offset by costs in association with our EPA enforcement action of USD 0.5 million. In addition to the real estate transfer tax reimbursement of USD 1.5 million other adjustments in the six months ended June 30, 2017 include costs of USD 1.4 million in connection with our EPA enforcement action.
Disclosure of geographic information | Geographic information by legal entity
Revenues |  | In USD k |  | In USD k
| For the Three Months Ended Jun 30, |  | For the Six Months Ended Jun 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Germany |  | 157,579 |  |  | 135,702 |  |  | 324,974 |  |  | 261,875 |
United States |  | 100,290 |  |  | 82,422 |  |  | 196,905 |  |  | 166,407 |
South Korea |  | 72,437 |  |  | 57,487 |  |  | 146,058 |  |  | 118,202 |
Brazil |  | 21,349 |  |  | 19,503 |  |  | 43,265 |  |  | 39,096 |
China |  | 16,860 |  |  | 12,717 |  |  | 38,486 |  |  | 25,833 |
South Africa |  | 14,244 |  |  | 12,002 |  |  | 28,625 |  |  | 23,932 |
Other |  | 5,770 |  |  | 6,930 |  |  | 10,556 |  |  | 12,496 |
Rest of Europe* |  | 3,057 |  |  | 2,850 |  |  | 9,416 |  |  | 5,837 |
Total |  | 391,586 |  |  | 329,613 |  |  | 798,285 |  |  | 653,678 |
* | Country of domicile of the Group (Luxembourg) USD nil
Goodwill, intangible assets, property, plant and equipment |  | In USD k |  | In USD k
| As at Jun 30, |  | As at Dec 31,
| 2018 |  | 2017
Germany |  | 136,710 |  |  | 145,837 |
Sweden |  | 72,095 |  |  | 80,974 |
Italy |  | 65,124 |  |  | 72,980 |
Poland |  | 43,466 |  |  | 49,933 |
Rest of Europe |  | 3,561 |  |  | 4,443 |
Subtotal Europe |  | 320,956 |  |  | 354,167 |
United States |  | 85,243 |  |  | 70,530 |
South Korea |  | 84,943 |  |  | 109,905 |
South Africa |  | 29,081 |  |  | 32,007 |
Brazil |  | 17,289 |  |  | 13,661 |
China |  | 9,261 |  |  | 10,733 |
Other |  | 35 |  |  | 28 |
Total |  | 546,808 |  |  | 591,031 |

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