World News and Views :: Top of the News
Lanxess's Quarterly Earnings Soar on Higher Volumes and Selling Prices
4:06 AM MST | November 11, 2010 | Kerri Walsh
Lanxess reported third-quarter net income of €118 million, compared to earnings of €23 million in the year-ago period. Sales jumped 35%, to €1.8 billion because of a 17% rise in sell prices to offset higher raw material costs, a 9% increase in volumes, and favorable currency exchange rates. Ebitda before exceptionals soared 71%, to €244 million, and Ebitda rose 83%, to €238 million. Global economic recovery continued in the third quarter, but at a slower pace than in the first half of the year, Lanxess says. Asia and Latin...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee