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Lanxess earnings set to beat expectations

29/01/2015

Leather chemicals supplier Lanxess expects profits to be higher than previously anticipated for fiscal 2014.

After a better fourth quarter, it now predicts earnings will be around €808 million compared with €735 million in 2013 – a 9% increase

Lanxess chairman Matthias Zachert said: “In autumn, we were witnessing restrained orders due to customer destocking in the rubber business in light of falling oil prices. Surprisingly, this development was considerably less strong in December.”

The German group will release final results for fiscal 2014 on March 19, 2015.


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