TITLE

LANXESS increases earnings and quadruples dividend

PUB. DATE
April 2008
SOURCE
Chemical Business;Apr2008, Vol. 22 Issue 4, p94
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
33554638

 

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