LANXESS increases earnings forecast for 2016
- Group expects EBITDA pre exceptionals for 2016 between EUR 930 million and EUR 970 million. - “New” LANXESS segments with good business prospects for second half of 2016. - EBITDA pre exceptionals up 8.5 percent to EUR 293 million in very good Q2 2016. - Higher volumes, increased capacity utilization and leaner cost structures substantially improve operating margin to 15.1 percent. - Net financial liabilities significantly reduced to EUR 198 million in Q2 2016. Specialty chemicals company LANXESS raises its earnings forecast for 2016. The company now expects EBITDA pre exceptionals within a range of EUR 930 million and EUR 970 million mainly due to good business prospects in the “new” LANXESS segments for the second half of the year. Previously, LANXESS had assumed earnings of between EUR 900 million and EUR 950 million.