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Lanxess earnings drop on weak demand; measures planned to cut costs

4:17 PM MDT | May 8, 2013 | Michael Ravenscroft

Lanxess today reported first-quarter sales of €2.1 billion ($2.8 billion), a 12% decline year-on-year (YOY), and pre-exceptional Ebitda of €174 million compared with €369 million in the year-ago period, a fall of 53%...

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