Lanxess starts 2008 with a strong first quarter
14/05/2008
Specialty chemicals group Lanxess insists it has had a positive first quarter with sales reaching €1.5 billion in the first quarter of 2008. The corresponding figure for the first quarter of 2007 was €1.7 billion, but Lanxess said the adjusted figure, bearing “portfolio and currency effects” in mind, meant sales had grown by 8.1% year on year. Earnings rose slightly to €220 million.
Axel Heitmann, chairman of the management board of Lanxess, commented on announcing the results: “Through our strict alignment toward premium products with leading market positions, we once again achieved above-average corporate success in a
challenging market environment. We succeeded in passing on the increase in raw material costs in all segments.”
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