LANXESS increases earnings and quadruples dividend

April 2008
Chemical Business;Apr2008, Vol. 22 Issue 4, p94
Trade Publication
The article reports that speciality chemicals firm LANXESS AG increased its earnings and dividend in 2007. It notes that the earnings, before interest, taxes, depreciation and amortization (EBITDA) margin pre exceptionals rose by 10.9%, compared to 9.7% in 2006. According to LANXESS AG Board of Management chairman Axel C. Heitmann, the positive earnings performance demonstrates that the company has definitely achieved the turnaround. It cites that sales for 2007 came in at €6.61 billion, a 4.8% decline from the 2006 figure of €6.94 billion.


Related Articles

  • Lanxess: good start.  // European Chemical News;6/6/2005, Vol. 82 Issue 2150, p7 

    Reports on the initial success of the restructuring efforts of Lanxess for the first quarter of 2005. Personnel changes planned to be implemented by the end of the second quarter according to Lanxess Chairman Axel Heitmann; Earnings posted by the company for the first quarter; Reasons behind...

  • First half positive for many, second half likely buoyant. Robinson, Simon // ICIS Chemical Business;8/28/2006, Vol. 1 Issue 32, p10 

    The article reports on the financial performance of several European chemical companies in the first half of 2006. Lanxess chairman Axel Heitmann believes that the concentration on high-margin businesses and corporate reorganization have contributed to the performance of the company. Ciba...

  • LANXESS confident after Strong Final Quarter 2009.  // Paintindia;Mar2010, Vol. 60 Issue 3, p141 

    The article focuses on the optimism of specialty chemicals group Lanxess AG for the business year 2010 following a strong final quarter in 2009. According to management board chairman Axel C. Heitmann, a significant year-on-year improvement in earnings is anticipated by the company. It also...

  • Lanxess expects strong 2013 despite weaker first quarter. ALPEROWICZ, NATASHA // Chemical Week;4/8/2013, Vol. 175 Issue 11, p13 

    The article discusses the financial performance and business forecasts of the specialty chemicals company Lanxess AG as of April 203, focusing on comments delivered by the chief executive officer Axel Heitmann at an annual results presentation in Düsseldorf, Germany. According to the article,...

  • LANXESS sets ambitious growth target.  // Chemical Business;Nov2010, Vol. 24 Issue 11, p46 

    The article offers information on growth targets set by LANXESS for the next five years. According to the company, it will increase its leading earnings indicator by almost 80% during the period while its earnings before interest, taxes, depreciation and amortization (EBITDA) is projected to...

  • LANXESS reports strong quarter/lifts earnings forecast.  // Paintindia;Nov2010, Vol. 60 Issue 11, p135 

    The article reports that the increased demand for the synthetic rubber and high-technology plastics contributed to the strong third quarter 2010 sales of Lanxess. Consequently, the company has revised its earnings forecast for 2010. According to Axel C. Heitmann, chairman of the board of...

  • Lanxess still has to drive hard. Davis, Nigel; Chang, Joseph // ICIS Chemical Business Americas;3/26/2007, Vol. 271 Issue 12, p21 

    The article reports on the 3% decline in shares of Lanxess in March 2007 after the release of its fourth-quarter and full-year results which included sharp increases in profits but lower sales. The company is forecasting moderate sales growth for 2007. Its capital expenditure is projected to...

  • Lanxess changing divisions. Whitehead, John // Plastics News;9/24/2007, Vol. 19 Issue 30, p11 

    The article reports that Lanxess AG will combine its rubber and plastics products into a new performance polymers division in the wake of the company plans to sell its Lustran ABS business to Ineos Group. Lanxess' chief executive officer Axel Heitmann highlighted a 1 billion euro investment plan...

  • Heitmann to lead Lanxess for another five years.  // European Rubber Journal;Sep/Oct2011, Vol. 193 Issue 5, p0017 

    The article announces the appointment of Dr. Axel Heitmann as chairman of Lanxess AG for another five years starting July 1, 2012.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics