Sales almost level with prior year at EUR 6,576 million / EBITDA pre exceptionals of EUR 721 million / 11 percent EBITDA margin pre exceptionals / Group net income up 52.7 percent to EUR 171 million / Dividend of EUR 0.50 per share proposed for 2008 / Savings of EUR 250 million through “Challenge09”

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LANXESS AG has put together a global package of measures named “Challenge09” in order to mitigate the effects of weak demand worldwide and strengthen the specialty chemicals group’s position. This package includes a number of technical process improvements as well as measures affecting personnel.

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