News

Better-than-expected results at Lanxess

11/08/2010

Specialty chemicals company Lanxess achieved better-than-expected results during the second quarter of the year and has now raised its earnings forecast for the full year.

Sales rose 48% year-on-year to EUR 1.83 billion as a result of higher volumes in key customer industries and positive currency effects in the form of a weaker euro against the US dollar and Brazilian real. The company posted a net profit of EUR 131 million compared with EUR 17 million during the second quarter of 2009.

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