IHS Chemical Week

People & Business :: Earnings/Finance

Lanxess downgrades full-year guidance after third-quarter earnings, sales decline

7:53 AM MST | November 12, 2013 | Natasha Alperowicz

Lanxess today reported lower third-quarter earnings and revenues and downgraded its full-year 2013 guidance. Third-quarter net income was down 88%, to €11 million ($14.7 million), on 5% lower sales, at €2.05 billion. The decline in net income was due to higher depreciation and amortization as well as exceptional charges of roughly €20 million for the efficiency program Advance. Ebitda pre-exceptionals was 26.4% down, at €187 million, and Ebitda margin was 9.1% compared with 11.8% in the third quarter of 2012. The decline in Ebitda was largely...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.



Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.

 














 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa