News

Lanxess releases preliminary figures for fiscal 2004

21/03/2005

German chemical company Lanxess AG has increased 2004 sales and earnings as planned. According to preliminary, unaudited figures, sales rose more than 7% to €6,773 million (2003: €6,315 million). Earnings before interest, taxes, depreciation and amortisation pre-exceptionals for the reporting period increased by 44% to €447 million (2003: €311 million). The operatings result improved to €59 million from a prior-year loss of €1.3 billion. As planned, net financial debt was reduced to around €1.1 billion.

To continue reading this story, please sign in or register.