Germany-based chemicals company Lanxess AG has reported a successful year in 2006, posting a substantial rise in earnings and, according to its chairman
Axel Heitmann, closing the gap on its international competitors.
Earnings (EBITDA pre exceptionals) improved 16.2% to €675 million, at the top end of 2006 guidance, whilst operating results (EBIT) advanced to €376 million. The positive trend was also reflected in net earnings, which reached €197 million, compared with a €63 million net loss in the previous year.

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