CURRENTA - News
back10. November 2011
LANXESS on track for record year
- Best-ever third quarter
- Q3 sales EUR 2.3 billion, up 26% yr-on-yr
- Q3 EBITDA pre EUR 311 million, up 27%
- Q3 net profit EUR 154 million, up 31%
- FY outlook confirmed: EBITDA pre expected to rise by roughly 20% to more than EUR 1 billion
LANXESS achieved a record third quarter in 2011 due to ongoing strong demand especially for its synthetic rubbers and high-tech plastics. The German specialty chemicals company also reiterated its full-year outlook for EBITDA pre exceptionals to grow about 20 percent year-on-year and thus exceed the EUR one billion mark for the first time in the company’s history.
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