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Performance polymers drag Lanxess's sales down

7:13 AM MST | November 6, 2012 | Sotirios Frantzanas

Lanxess says its sales decreased 7.6% in the third quarter of 2012, to €2.16 billion ($2.77 billion), compared with €2.34 billion in the corresponding period of 2011. "Business development in the performance polymers segment was largely responsible for the overall drop in sales," Lanxess says. Sales volumes declined 6.4% in the third quarter, and selling prices decreased 7.1% adjusting to lower raw material costs, the company says. Net profits also decreased 39% in the third quarter, to €94 million, reflecting lower volumes resulting from...

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