Lanxess overcomes ‘weaker trading environment’ in Q1
15/05/2019
Its net income on this revenue was €84 million, up 3.7% year-on-year.
The group’s Performance Chemicals segment, which includes its leather business unit, saw its sales increase 3.3% to €347 million. Lanxess revealed, however, that this came despite weak performance from the chrome ore business that forms part of its leather offering.
Addressing the results, Matthias Zachert, chairman of the Lanxess board of management, said: “Despite the weaker trading environment, we have made a good start to the new fiscal year. Our results are further proof that we are on a much more stable footing than a few years ago.”
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