IHS Chemical Week

People & Business :: Earnings/Finance

Lanxess forecasts strong 2013, despite lower first-quarter Ebitda; reshapes Saltigo

6:53 AM MDT | March 21, 2013 | Natasha Alperowicz in Düsseldorf

Lanxess provided more information this morning about the company's performance last year and warned that first-quarter 2013 earnings will be substantially lower than in the corresponding period of 2012. Speaking exclusively to CW on the sidelines of the company's annual results presentation, held in Düsseldorf today, Lanxess CEO Axel Heitmann said that Lanxess would nevertheless have a good year overall in 2013. The company is unlikely to match this year the Ebitda of €1.23 billion ($1.58 billion) achieved in 2012, but it is sticking to an earlier...

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