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Higher Selling Prices and Volumes Lift Lanxess’s Earnings Results

8:13 AM MST | November 14, 2007 | Kerri Walsh

Lanxess reported third-quarter net income doubled to €75 million ($110 million), on sales up about 1%, to €1.7 billion. Ebit rose 22%, to €104 million. Increased selling prices and volumes helped lift results, Lanxess says. “This is our strongest third quarter yet and provides a basis for further sustained growth,” says chairman Axel Heitmann. The performance polymers segment’s Ebitda before special items rose 22%, to €95 million, on sales up 4%, to €667 million. The butyl rubber business drove results in that business, Lanxess says. Ebitda before...

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