IHS Chemical Week

Regions :: Western Europe :: Germany

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.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













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

ihsCopyright © 2012 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