Lanxess reported accidentally its 2016 figures a day earlier than announced. Sales declined 3% (organic: -2%) to €7,699m, but the gross profit margin was up +7ßbp to 22.8% helped by higher volumes (+4%). EBITDA rose +13% to €945m and net income attributable to shareholders came in at €192m after €165m. Operating CF stood pretty much unchanged at €689m (€692m) as the swing in NWC (€-3m after €60m) ate completely up the stronger operating performanc
15 Mar 2017
Perfect landing and a good start to 2017
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Perfect landing and a good start to 2017
LANXESS AG (LXS:WBO) | 0 0 (-0.2%) | Mkt Cap: 6,194m
- Published:
15 Mar 2017 -
Author:
Martin Schnee -
Pages:
3
Lanxess reported accidentally its 2016 figures a day earlier than announced. Sales declined 3% (organic: -2%) to €7,699m, but the gross profit margin was up +7ßbp to 22.8% helped by higher volumes (+4%). EBITDA rose +13% to €945m and net income attributable to shareholders came in at €192m after €165m. Operating CF stood pretty much unchanged at €689m (€692m) as the swing in NWC (€-3m after €60m) ate completely up the stronger operating performanc