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Lanxesss Q1 core profit expected to rise by a third
Abstract：FRANKFURT (Reuters) – German specialty chemicals maker Lanxess on Tuesday said it expects a significant rise in first-quarter core profit and sales, citing strong demand.
FRANKFURT Reuters – German specialty chemicals maker Lanxess on Tuesday said it expects a significant rise in firstquarter core profit and sales, citing strong demand.
Firstquarter EBITDA preexceptionals is expected to rise 32 to 320 million euros 345 million, while sales are seen up 44 at 2.43 billion, the company said. Full results for the firstquarter are due May 5.
“Demand for our highmargin specialty chemicals products remains high now. This course makes us less vulnerable to global fluctuations in demand. Nevertheless, given the geopolitical uncertainties, we remain very vigilant for the rest of the year,” CEO Matthias Zachert said.
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