IHS Chemical Week

World News and Views :: Top of the News

Lanxess Reports First-Quarter Loss

12:19 AM MDT | May 7, 2009 | Deepti Ramesh

Lanxess has recorded a net loss of €14 million ($19 million) for the first quarter of 2009, compared with a net profit of €104 million in the first quarter of 2008. Sales decreased by 31%, to €1.05 billion. Ebitda fell 70%, to €66 million. “All business units were impacted by the global recession,” says Axel C. Heitmann, Chairman of the Lanxess board. “The drop in demand of more than 35% reached historic proportions. But by immediately launching our extensive ‘Challenge09’ package of global measures, we succeeded...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.



Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.

 














 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa