Lanxess’s Ebitda Advances Toward Medium-Term Target….

Lanxess posted record results for 2011 and says it is approaching a previously announced medium-term annual Ebitda target of €1.4 billion ($1.9 billion) before exceptional items in 2015. The company’s fourth-quarter 2011 net profits were down, however, to €5 million compared with €26 million in the year-earlier period. Lanxess’s sales in the fourth quarter advanced by about 16%, to €2.1 billion. Addressing the press in Düsseldorf recently, Lanxess chairman Axel Heitmann said that by achieving Ebitda of €1.15 billion...

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