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People & Business :: Earnings/Finance

Lanxess Reports Record Third Quarter, Confirms Guidance, Acquires Biocides Business in the U.S.

7:17 AM MST | November 10, 2011 | Natasha Alperowicz

Lanxess today reported a 31% increase in third quarter net profits to €154 million ($210 million) on 26% higher sales at €2.3 billion, compared with the year-earlier period. Earnings per share were 30.3% higher at €1.85. Group Ebitda margin was flat at 13.3%. The company says this was its best-ever third quarter result, surpassing the 2010 earnings already in the first nine months of this year. The results were helped by Lanxess’s “focus on innovative, high-tech products for the four global megatrends,” particularly mobility, says...

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