LANXESS confirms earnings forecast for fiscal year 2019

Cologne

Specialty chemicals company LANXESS confirms its earnings forecast for the current fiscal year and expects earnings to remain stable compared with the previous year. The company expects EBITDA pre exceptionals to be between EUR 1.000 billion and EUR 1.050 billion in 2019. In the previous year, the specialty chemicals company had achieved a result of EUR 1.016 billion.

"Thanks to our successful realignment, LANXESS is now much more stable than just a few years ago. We have reduced our dependence on individual volatile industries and further balanced our regional positioning. We are therefore sticking to our forecast for 2019, which we issued in May, despite the increasingly gloomy economy," said Matthias Zachert, Chairman of the Board of Management of LANXESS AG.

MORE ABOUT THIS TOPIC

INVESTOR NEWS

LANXESS significantly increases earnings in the third quarter of 2024

November 07, 2024
INVESTOR NEWS

LANXESS signs contract to sell Urethane Systems business to UBE Corporation

October 03, 2024
INVESTOR NEWS

LANXESS signs new sustainable credit line for EUR 800 million

September 26, 2024
INVESTOR NEWS

LANXESS with strong cash flow and significant earnings growth in the second quarter of 2024

August 09, 2024
INVESTOR NEWS

LANXESS EBITDA pre exceptionals for second quarter 2024 significantly above market expectation

July 17, 2024