in this issue
People & Business :: Earnings/Finance
Lanxess Confirms Full-Year Guidance; Second-Quarter Net Income Down Slightly on Higher Sales
7:41 AM MDT | August 7, 2012 | Natasha Alperowicz
Lanxess today reported a slight drop in second-quarter net income with sales advancing by 8.1% and confirmed its 2012 forecast after a reportedly strong second quarter. Net income was down 3%, to €176 million ($218.2 million), with sales rising to €2.42 billion, mostly as a result of currency effects and higher selling prices. Net income was down due to reorganization measures in the performance chemicals business. Ebitda pre-exceptionals rose 6.8% year-on-year (YOY), to €362 million. Earnings per share, at €2.11, declined 2.8%. “We...
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