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Lanxess Sets 2018 Ebitda Target of €1.8 Billion

7:37 AM MDT | September 21, 2012 | —Robert Westervelt

Heitmann: Smart capex best option to create value. Lanxess last week set a mid-term target Ebitda of €1.8 billion ($2.3 billion) for 2018, an increase of 36% from 2011 levels. Lanxess also said it now expects to hit its previous 2015 Ebitda target of €1.4 billion by 2014, a year ahead of schedule. “We have transformed Lanxess into a growth company,” Axel Heitmann, chairman of Lanxess, said at the group’s media day in New York last week. “We will stick to our proven dual-track strategy of organic and external growth.” The...

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