in this issue
Regions :: Western Europe :: Germany
Lanxess reports higher earnings, closes plants until demand picks up
10:02 AM MDT | March 19, 2013 | —Natasha Alperowicz
Lanxess says it has achieved higher earnings in the fourth quarter despite soft underlying demand with Ebitda before one-time items up 37%, to €239 million ($313.7 million). Fourth-quarter sales were flat year-on-year (YOY), at €2.12 billion. Net income increased to €51 million from €5 million a year earlier. Earnings per share grew to €0.62 compared with €0.06 a year earlier. The main factors supporting this result were the company’s cost discipline and flexible asset management, the company says. For the full year, Lanxess...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be: