Q1 sales clearly rose +25% (organic: +22%, equally volumes and prices) to €2,401m, but the gross profit margin suffered (22.7% after 24.0%) from the somewhat higher raw material prices. EBITDA was also clearly up (+26% to €316m) and net profit attributable to shareholders increased +47% to €78m. Operating CF (€10m after €48m) was hit by the strong development and the expected continuation in demand as the strong operating performance was more than offset by the much h
11 May 2017
Full steam into 2017 and strong guidance given
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Full steam into 2017 and strong guidance given
LANXESS AG (LXS:WBO) | 0 0 (-0.2%) | Mkt Cap: 6,194m
- Published:
11 May 2017 -
Author:
Martin Schnee -
Pages:
3
Q1 sales clearly rose +25% (organic: +22%, equally volumes and prices) to €2,401m, but the gross profit margin suffered (22.7% after 24.0%) from the somewhat higher raw material prices. EBITDA was also clearly up (+26% to €316m) and net profit attributable to shareholders increased +47% to €78m. Operating CF (€10m after €48m) was hit by the strong development and the expected continuation in demand as the strong operating performance was more than offset by the much h