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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Lanxess Turns a Profit; Eyes Acquisitions´╗┐

12:14 PM MDT | July 27, 2007 | Kerri Walsh in Düsseldorf

Lanxess reported fourth-quarter 2006 net income of €2 million ($2.6 million), compared with a €100-million loss a year earlier, on sales down 7%, to €1.67 billion. Ebitda before special items rose 18%, to €105 million. Lanxess, meanwhile, says it is actively seeking acquisition candidates to increase its market share and growth potential. Lanxess is “looking for businesses that are a good fit for us, and with which we can pursue an earnings-oriented growth strategy,” says chairman Axel Heitmann, speaking at the company’s...

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