'Successful' year for Lanxess
17/03/2016
Group sales were flat level with the prior year at about €7.9 billion, but revenues in the Performance Chemicals segment, which includes leather chemicals, improved 4.5% to €2.1 billion.
Lanxess chairman Matthias Zachert said: “Fiscal 2015 was successful for Lanxess in every respect. We implemented our realignment faster than planned and significantly improved our profit situation and financial position. We have thus laid a stable foundation for our growth course.”
It is expecting stable to slightly positive business development for the Advanced Intermediates and Performance Chemicals segments for 2016. The challenging environment is expected to persist in the synthetic rubber business, which could result in additional margin pressure.
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