Title: Lanxess reports ‘positive earnings performance’ for 2007
Abstract: German speciality chemicals company Lanxess AG reported significantly improved earnings before special items in 2007. EBITDA pre-exceptionals rose by 6.5% to €719 million, up from €675 million in 2006, close to the top end of its earnings guidance range. The EBITDA margin pre-exceptionals moved ahead to 10.9%, compared to 9.7% in 2006. ‘This positive earnings performance shows that Lanxess has definitively achieved the turnaround. Last year we came even closer to the profitability level of our competitors,’ says Lanxess chairman Axel C. Heitmann.
Publication Year: 2008
Publication Date: 2008-05-01
Language: en
Type: article
Indexed In: ['crossref']
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