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Lanxess’s Earnings Get Lift From Higher Selling Prices and Volumes...
2:19 PM MST | November 15, 2007 | CW Editorial Staff
Lanxess reported a doubling of third-quarter net income to €75 million ($110 million), on sales up about 1%, to €1.7 billion. Ebit rose 22%, to €104 million. Increased selling prices and volumes helped lift results, Lanxess says. “This is our strongest third quarter yet and provides a basis for further sustained growth,” says chairman Axel Heitmann. The performance polymers segment’s Ebitda before special items rose 22%, to €95 million, on sales up 4%, to €667 million. The butyl rubber business drove results in that...
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