Sales continued to suffer, but profitability continued to improve yoy. Q3 sales declined 4% (organic: -11%) to €1,953m, suffering from lower (raw material) prices (-10%). The gross profit margin strongly rose by +3.6pp to 23.3%. EBITDA increased +19% to €218m and net profit attributable to shareholders rose +17% to €41m. Operating CF came in a bit weaker (€190m after €201m) despite the better operating performance seeing lower NWC inflows (€38m after €68m).
05 Nov 2015
Getting fragile traction
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Getting fragile traction
LANXESS AG (LXS:WBO) | 0 0 (-0.2%) | Mkt Cap: 6,194m
- Published:
05 Nov 2015 -
Author:
Martin Schnee - Pages:
Sales continued to suffer, but profitability continued to improve yoy. Q3 sales declined 4% (organic: -11%) to €1,953m, suffering from lower (raw material) prices (-10%). The gross profit margin strongly rose by +3.6pp to 23.3%. EBITDA increased +19% to €218m and net profit attributable to shareholders rose +17% to €41m. Operating CF came in a bit weaker (€190m after €201m) despite the better operating performance seeing lower NWC inflows (€38m after €68m).