holds after a profit jump in the fourth quarter, the chemicals group Lanxess overcome the biggest crisis in the industry for decades now to a large extent. come on
"In particular from China and India increasingly positive signs of growth, especially in the rubber industry, "chief executive Axel Heitmann said the balance sheet presentation on Wednesday in Cologne. In the final quarter, adjusted for special factors, operating profit (EBITDA) as analysts expected, increased by 66 percent to 144 million €. Still want Lanxess save more - though not of the dividend. to the profit sharing for 2009 remain at 50 cents per share
On the stock market slid from the values in the secondary index MDAX nevertheless rose 2.67 percent to 30.85 Euro. dealer founded the profit taking after the title had increased in the past two weeks about eight percent.
LANXESS BENEFITS FROM COLD WINTER
addition to a strong business in Asia was helped by a strong demand for winter tires in Europe and North America. Lanxess is the world's number one supplier of synthetic rubber. But despite the good final quarter, the economic crisis left in the figure for the full year 2009 its mark: The adjusted operating profit slumped by 36 percent to 465 million Euro, and sales rose 23 percent to 5.06 billion euros. The bottom line, net income was 40 million €. A year earlier, the profit at 183 million euros more than four times as high.
Lanxess CEO Heitmann nevertheless drew a positive balance: "Lanxess has passed the stress test well." For the new year of the first quarter, confident voice. "We expect significant earnings improvement in 2010 compared to 2009, although at present no self-sustaining recovery is evident," said the manager. Raw material costs have increased recently. Nevertheless, Lanxess will reduce its costs this year by 140 million euros, after last year 170 million euros were saved. The Group employed 14 338 employees in late December, three percent less than a year before.
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